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June 8, 2012

Acquisition of Additional Shares in Interfood Shareholding Company

Tokyo, June 7, 2012 — Kirin Holdings Company, Limited (Tokyo, Japan; President and CEO, Senji Miyake; hereafter "KH") announced today that it has acquired additional shares in Interfood Shareholding Company (Vietnam: Chairman, Michio Nagabayashi; hereafter "IFS")

On March 10 2011, KH acquired IFS through its acquisition of Trade Ocean Holdings Sdn. Bhd. (Malaysia: Director, Hiroshi Fujikawa; hereafter "TOH"), which held 57.25% of the total outstanding shares of IFS. KH increased its shares in IFS to 80.37% through its acquisition of all outstanding shares in Indochina Beverage Holdings (British Virgin Islands: Director, Pang Tee Chiang; hereafter "IBH"), which holds 23.12% of the total outstanding shares*1 of IFS.

  • *1 Based on the number of shares as of March 13, 2012

IFS is one of the most popular soft drink manufacturers in Vietnam, distributing its fruit juice and tea products through both modern and general trade channels. KH aims to achieve further synergies and improved efficiencies in management and pursues its non-alcohol beverage business expansion in Vietnam through its additional acquisition of shares.

Outline of the Transaction

1. Subject of the acquisition: 100% of total outstanding shares in IBH
2. Timeline: Closing scheduled on June 7 2012

Outline of IFS

1. Company name: Interfood Shareholding Company
2. Registered office: Bien Hoa City, Dong Nai Province, Vietnam
3. Incorporation: 1991
4. Chairman: Michio Nagabayashi
5. Owners' Equity: USD 4MM (JPY 313MM*1)
Total Asset: USD 33MM (JPY 2,583MM*1)
  as of December 31, 2011
6. Sales: USD 43MM (JPY 3,366MM*1)
EBITDA: USD 1MM (JPY 69MM*1)
as of year ended December 2011
  • *1 USD = [78.28]JPY (as of June 5, 2012)
    Financial year end for IFS is December 31
7. Number of employees: c. 1,100
as of December 31, 2011
8. Main business: Soft drinks (88%), Food (3%), Others (9%)
Sales composition for the year ended December 2011
9. Main brand:
  • Soft drinks:Tea (Winter Melon Tea, etc.)
  • Fruit Juice (Passion Fruit Drink, Tamarind Drink, etc.)
  • Asian Specialty Drinks (Birds Nest, etc.)
  • Sold under Wonderfarm brand
10. Stock Exchange: Ho Chi Minh Stock Exchange (Ticker: IFS)

Outline of IBH

1. Company name: Indochina Beverage Holdings Ltd.
2. Registered office: British Virgin Islands
3. Director: Pang Tee Chiang
4. Main business: Holding company of 23.12% of the total outstanding shares in IFS

  • Kirin Holdings Inquiry Form: http://www.kirinholdings.co.jp/english/customer/
  • Kirin Holdings Web Site: http://www.kirinholdings.co.jp/english/

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