Katrina Group to Take Full Ownership of Daily Beer Singapore After Partner Exercises Put Option
Bitget2026/11/01 22:53- Katrina Group will take full ownership of Daily Beer Singapore following Daily Beer's October 31, 2026, put option exercise.
- The acquisition of 100,000 shares will cost $105,782, payable in cash at completion using internal resources.
- Existing Daily Beer restaurants will continue operating under the brand at their current locations.
- Opening additional restaurants under the Daily Beer name and trademarks will require Daily Beer's agreement.
- The acquisition is not expected to materially affect consolidated net tangible assets or earnings per share for the year ending December 31, 2026.
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