<article>Catering firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/neo-group" target="_blank">Neo Group Limited</a> has entered into exclusive discussions with food and beverage distributor <a style="color: #000080;" href="http://www.asiafarm.com.sg/" target="_blank">Asia Farm F&amp;B (AFF)</a> for acquiring a sake in the latter.</article>

Catering firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/neo-group" target="_blank">Neo Group Limited</a> has entered into exclusive discussions with food and beverage distributor <a style="color: #000080;" href="http://www.asiafarm.com.sg/" target="_blank">Asia Farm F&amp;B (AFF)</a> for acquiring a sake in the latter.
According to a <a style="color: #000080;" href="http://infopub.sgx.com/FileOpen/Proposed%20Acquisition%20of%20Asia%20Farm.ashx?App=Announcement&amp;FileID=442714" target="_blank">filing</a> on Thursday with the <a style="color: #000080;" href="http://dealstreetasia.com/tag/sgx" target="_blank">Singapore Exchange (SGX)</a>, other entities in the talks are ASF Food &amp; Beverage (M) Sendirian Berhad (ASF) and AFF shareholders Wong Loke Hsien, Wong Loke Liang and Wong Fot Keng.
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AFF was incorporated in Singapore in 1998 while ASF was incorporated in Malaysia in 2003. ASF is primarily involved in the production and manufacturing of fruit cordials and syrups, fruit juices, fruit sauces, puddings and jellies while AFF is involved in the distribution of the products under its trademarks “Asia Farm”, “i&amp;Joy”, “Green Leaves”.
Asia Farm produces fruit juices and supplies to government offices, institution, catering, food services, retail, wholesales, export, etc. Beside producing beverage, they also customise private labels.
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Under the terms of the agreement, the vendors, AFF and ASF agreed, among others, to provide Neo Group with an exclusive right to negotiate the proposed acquisition during the period from today to 30 June 2017 (or such other date as the parties may mutually agree in writing).
As part of the talks, the vendors will undergo a restructuring exercise to collectively own 100 per cent of all issued and paid-up capital of Asia Farm. As part of the exclusive talks, Asia Farm is obligated to hold on to all issued and paid-up share capital of its manufacturing arm ASF before the exclusivity period.
Listed on SGX since July 2012, Neo Group provides customers with end-to-end food and catering solutions through a comprehensive suite of capabilities and service offerings under five business segments. These are food catering, food retail, food manufacturing, food trading and food &amp; catering supplies.
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Neo Group is discussing the acquisition of a stake in Asia Farm. 

Singapore: Neo Group discussing acquisition of Asia Farm stake

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Singapore: Neo Group discussing acquisition of Asia Farm stake

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