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BRIEF-Cooks Global Foods says signed term sheet to reorganise its Chinese coffee house operations
June 13, 2017 / 6:45 AM / a month ago

BRIEF-Cooks Global Foods says signed term sheet to reorganise its Chinese coffee house operations

1 Min Read

June 13 (Reuters) - Cooks Global Foods Ltd :

* Signed a term sheet to reorganise its Chinese coffee house operations

* ‍JCIP will contribute RMB46.67 million in new funding to venture for a 70% stake​

* Transaction is expected to result in a non-cash $4.0 million fair value write down to Cooks' chinese operations

* Term sheet for creation of a joint venture co between Cooks and Guangzhou Juncheng Equity Investment Partnership Source text for Eikon: Further company coverage:

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