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On March 27th, 2023, The Food Revolution Group Limited (FOD) changed its name and ASX code to The Original Juice Co. Ltd (OJC).
SPG - SPC Global Holdings
- Thread starter springhill
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On December 12th, 2024, The Original Juice Co. Limited (OJC) changed its name and ASX code to SPC Global Holdings Limited (SPG).
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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back on bourse ..... a restructure. .... who got wiped out?
The principal activities of the Aggregated Group during the financial years consisted of the manufacturing and selling of powder milk-based products. The Aggregated Group comprised
- Nature One Dairy Pty Ltd,
- Nature One Dairy (Singapore) Pte Ltd, and
-Nature One Dairy (Hong Kong) Limited.
plus
SPC undertook a complex reverse takeover of ASX-listed minnow Original Juice Co, which had not traded since late September. Shareholders of the Original Juice Co, chaired by former Victorian premier Jeff Kennett, voted in favour of the SPC deal in late November, giving rise to the much larger SPC business as it also joined forces with infant formula and powdered milk business Nature One Dairy. The enlarged entity will have annual revenue of $400 million in 2024-25.
The Original Juice Co made a loss of $6 million last year.
SPC is a century-old agribusiness group that began life as a farmer co-operative in regional Victoria. It has survived a difficult history, having been listed on the ASX until 2005 when it was swallowed by soft drinks giant Coca-Cola Amatil for $750 million. It was then bought out by a private equity group in 2019 for just $40 million.
Mr Iervasi said SPC was a different business now and its diversity and range could smooth out seasonal fluctuations. It also had more bargaining power when dealing with large supermarket chains Coles and Woolworths
The new entity was trading around $1.40 on debut on Tuesday, giving it a sharemarket capitalisation of about $270 million. It raised $2.4 million of new capital at $1.50 a share in the lead-up to its return to life as a listed company.
