June 15 (Reuters) - Buderim Group Ltd BUG.AX :
* RECEIVED AN INDICATIVE, NON-BINDING OFFER FROM GLOBAL FOODS GROUP TO ACQUIRE COMBINED GINGER AND TOURISM BUSINESS ASSETS
* DEAL FOR $8.3 MILLION GROSS VALUE
* EXPECTED THAT COMPLETION OF PROPOSED TRANSACTION WILL BE SUBJECT TO COSHAREHOLDER APPROVAL & FIJI REGULATORY APPROVAL
* IF PROPOSED TRANSACTION PROCEEDS, CO'S CEO, ANDREW BOND, EXPECTED TO TRANSFER WITH GINGER BUSINESS TO GLOBAL FOODS
* CURRENTLY CONSULTING WITH ASX ON APPLICATION OF CHAPTER 11 OF LISTING RULES
* DENNIS LIN TO BECOME EXECUTIVE DIRECTOR TO LEAD DEMERGER & DRIVE CO'S FUTURE POST GINGER BUSINESS PLAN & STRATEGY