Possible interest in Old Chang Kee

Old Chang Kee, the curry puff chain owner and operator, said a controlling shareholder of the company has informed the company that he and his associate have expressed interest to enter into a possible share transaction which may lead to an offer made for the food and beverage company by a third party.

However, the company has advised shareholders that “no agreement has been reached between the parties, no firm intention to make an offer has been expressed by the third party, and the said transaction may or may not proceed”.

Latest available data on Bloomberg show that as end of January this year, 66.2% of the company's shares are held by chairman and founder Keen Juan Han, 11.7% by Goodview Properties, and another 7.4% by chief executive officer William Lim.