"FFB intends to leverage on the competency and experience of the founders of TISSB who will spearhead FFB’s ice cream division and lead our foray into the lucrative consumer package goods ice cream market," it said. The gross proceeds will be used for capital expenditure, working capital and estimated listing expenses. Delivery & Pickup Options - 66 reviews of Inside Scoop 'I think this place is by far the best non-fast food locale in the area. Meanwhile, in a separate filing, FFB said it has raised total gross proceeds of some RM300.1 million from its initial public offering (IPO), launched on Feb 28, 2022. "Pursuant to the shareholders agreement, FFB will grant Tan the right to require FFB to purchase from him, upon the occurrence of any of the triggering events at any time during put option period, the remaining TISSB shares held by Tan," it said.įFB said the proposals will pave the way for the group’s entry and ownership in one of the fastest growing artisanal ice creameries and the largest home-grown ice-cream chain in Malaysia. "FFB and Tan will, upon the completion of the proposals, enter into a shareholders’ agreement to regulate the relationship of both parties as shareholders of TISSB. The meaning of THE SCOOP is information about something that is currently important or happening or that is interesting to many people. The Inside Scoop shows what is possible when you disrupt white supremacy, grind culture and all of capitalisms other oppressive forces and distractions. Shakes, smoothies, sundaes, 32 flavors of premium ice cream. Upon completion of the proposals, FFB said TISSB will become its 65 per cent-owned subsidiary while the remaining 35 equity interest in TISSB will be held by Edmund Tan, one of the vendors. The Inside Scoop Ice Cream & Candy Shop We offer a traditional ice cream shop experience. In a filing with Bursa Malaysia today, FFB said the acquisition represented 53.0 per cent of the enlarged issued shares in TISSB after the completion of the proposals, for a total purchase consideration of about RM68.4 million, subject to adjustments.įFB has also entered into share subscription agreement (SSA) with TISSB for the proposed subscription of 104,771 new TISSB shares, representing 12 per cent of the enlarged issued shares in TISSB for a total subscription consideration of about RM15.5 million based on the terms and conditions of the agreement. On average, it will weigh in at just 8 percent ABV (16 proof), making it perfect for an afternoon treat. KUALA LUMPUR: Farm Fresh Bhd (FFB) has entered into a share purchase agreement with the vendors of The Inside Scoop Sdn Bhd (TISSB) for the proposed acquisition of 462,739 existing ordinary shares in TISSB. The Inside Scoop TheInsideScoop 32.5K subscribers 4 videos Do you like guessing games Do you like quizzes Play our games with us and find out if you are the best. The Inside Scoop is actually quite gentle and has a low alcohol content.
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