JB Foods Limited ups investment in JB Foods Global

The increase was from US$1 to US$500,000.

The Board of Directors of JB Foods Limited announced that the company subscribed for an additional 499,999 ordinary shares in the issued and paid-up share capital of JB Foods Global Pte. Ltd.

The additional investment in the wholly owned subsidiary is to provide for its working capital requirements and is funded through internal resources.

No material impact on JB Foods Limited’s consolidated net tangible assets per share and earnings per share for the financial year ending 31 December 2012 is expected.

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