Cooks Food shareholders back plans to build war chest through placement, share offer

Thu, 19 Nov 2015

By Paul McBeth Nov. 20 (BusinessDesk) - Cooks Global Foods shareholders today backed plans to build a war chest for China's Jiajiayue Group (JJY) and chairman Keith Jackson to inject funds into the business by buying shares, before seeking further equity capital from the public. All resolutions at today's special meeting in Auckland were passed, meaning Chinese supermarket chain operator JJY and a Jackson-led investment vehicle will each invest $4.5 million into Cooks, and allow a further capital raising of up to $9 million, the company s...

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