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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vestpa | LSE:VES | London | Ordinary Share | GB00B1XHLW32 | ORD 0.1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.80 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.80 | GBX |
Vestpa (VES) Share Charts1 Year Vestpa Chart |
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1 Month Vestpa Chart |
Intraday Vestpa Chart |
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Posted at 12/11/2007 16:13 by tuckswood8 Extracts from Albany RNS:-------------------- "The consideration payable in respect of the Acquisition is to be satisfied through the issue of 40,333,333 New Ordinary Shares at the Issue Price and a cash payment of £5 million. The consideration values all of the issued Full Fortune share capital at approximately £25.17 million based on the Issue Price and approximately £35.25 million based on the closing middle market price of 75 pence (as adjusted for the Share Consolidation) per New Ordinary Share as derived from the AIM Appendix to the Daily Official List on the business day immediately prior to the date of this announcement." "Subscriptions to raise £5 million gross (approximately £4.1 million after expenses) through the issue of 16,666,667 Subscription Shares at 30 pence per share. The Subscription Shares will be issued fully paid and will, in aggregate, represent approximately 25.33 per cent. of the Enlarged Share Capital." "Existing shareholders in Vestpa are being offered the opportunity to subscribe for in aggregate 4,954,965 new ordinary shares in the Subscriptions in proportion to their respective shareholdings in the company." -------------------- Could be a nice little bonus if this one takes off. |
Posted at 12/11/2007 16:12 by tuckswood8 12th Nov 2007 09:14LONDON (Thomson Financial) - Vestpa PLC, the AIM-listed cash shell, said it has agreed to acquire Full Fortune Holdings Pte Ltd, in a 25.2 mln stg reverse takeover deal. Full Fortune is a Singapore incorporated investment holding company whose trading subsidiaries manufacture and sell branded consumer condiments and animal feeds in Weifang City and Shou Guang City, in the Shandong province of China. Vestpa, which plans to change its name to China Food Company PLC, said Full Fortune is the holding company for Fu-Rich, Fuss Feed and Fuss Biotech. Fu-Rich produces a range of different types of soya sauce, vinegar and bean paste under its own brand names. Full Fortune made a profit before tax of 6.0 mln stg in 2006. The 25.2 mln stg consideration Vestpa is paying will be satisfied through the issue of 40.3 mln ordinary shares and a cash payment of 5 mln stg. The 5 mln stg will be raised through the issue of 16.7 mln subscription shares at 30 pence a share. Vestpa also plans a share consolidation comprising one new ordinary share of 4 pence each for every 40 existing ordinary shares of 0.1 pence each. The enlarged group is expected to have a market capitalisation of 35 mln stg. John McLean will become non-executive chairman of China Food Company, moving from his current role as executive director of Vestpa and his AIM-quoted investment group Albany Capital PLC will have 20 pct of the enlarged company. Joining the board of China Food Company from the acquisition will be chief executive Raphael Tham, chief operating officer Feng Boand, chief financial officer Frank Chau and Derek Marsh as a new non-executive director. "Our strategy will include the expansion of Full Fortune's existing product range in order to capitalise on Fu-Richs existing distribution network into the multiples in China," said McLean. "Full Fortune is currently increasing its production capacity on a new site in Shou Guang City to meet anticipated future demand and will have a low level of gearing on admission." |
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