Anjoy Foods: Plans to Acquire Control of IFC for $30.47 Million

36Kr reports that Anjoy Foods announced plans to acquire 69,450 ordinary shares of International Food Gnostics Corporation Pte. Ltd. (IFC) from TayTeckEng, BooChoonChik, RonSimChyeHock, and V3BrandsPte.Ltd., representing 60.0005% of IFC's issued share capital. The total transaction value for 100% equity in IFC is $50.7895 million, with the consideration for the 60.0005% stake set at $30.474 million, funded by the company's own resources. Upon completion, the company will gain control of IFC and include it within its consolidated financial statements.