Cooks Global Foods plans to rejig ownership, raise funds to expand

Thu, 13 Aug 2015

By Fiona Rotherham Aug. 13 (BusinessDesk) - Cooks Global Foods, the unprofitable company taking the Esquires Coffee Houses chain beyond Australasia, plans to raise more funds and rejig its shareholding to aid its expansion. The Auckland-based company plans to sell 35 million shares at 12.8 cents apiece to its Chinese joint venture partner Jiajiayue Group (JJY) and executive chairman Keith Jackson, raising a total of $9 million, and signalled plans for a further $9 million public share offering. As part of the plan, majority shareholders S...

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