Completion of Share Transactions
Cooks Global Foods receives payment from China’s Jiajiayue Group completing the sale of shares by the largest shareholder and an additional equity injection in Cooks.
Cooks Global Foods Limited (CGF) is pleased to announce that the company has today received $7.9 million from Jiajiayue Group (JJY) with the equivalent amount received or underwritten from Cooks Investment Holdings Limited (CIHL). A total of $9.0 million of the new funds received or committed through the transactions will be used to support Esquires Coffee growth in China, the Middle East, UK, Ireland and North America. The remaining $6.8 million is allocated for the acquisition of the majority of shares from Cooks’ largest shareholder, DSL Management.