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Golden Star Enterprises Announces Acquisition Of Super Fresh Foods Usa

Mar 02, 2023almost 3 years ago

Acquiring Company

Golden Star Enterprises Ltd

Acquired Company

Super Fresh Foods

Event ManagementEventsHospitalityFood And Beverage

Description

via NewMediaWire -- Golden Star Enterprises Ltd. (OTCPink: GSPT)(the “Company”) is pleased to announce that we have entered into a definitive agreement for the acquisition of Super Fresh Foods USA ("Super Fresh"), a U.S.-based food-tech company established in 2022, specializing in meal-subscription operations. Following the closing of the transaction, Super Fresh shall operate as a 100% owned subsidiary of the Company. In return, the Super Fresh shareholders will be issued a total of 84,000,000 new shares. The Company will also add two new members, that will be nominated by Super Fresh, to its existing board of directors.

Company Information

Company

Golden Star Enterprises Ltd

About

Golden Star Enterprises Ltd. (GSPT) is a publicly-traded holding and acquisition company interested in taking technology start-ups and growing them to the next level. We actively search for exceptional investment opportunities in the technology vertical. We leverage management’s extensive experience in the marketplace and tech industry connections to create opportunities for companies in our portfolio. Email: info@goldenstarenterprisesltd.com www.goldenstarenterprisesltd.com This press release contains forward-looking statements that reflect the Company's current beliefs, expectations or intentions regarding future events. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "will," "will be," "anticipate," "predict," “expect” "continue," "future," and similar expressions are intended to identify such forward-looking statements. The Company anticipates that subsequent events and developments may cause views and expectations to change. The Company assumes no obligation, and specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed