Olam secures landmark US$5.2 billion financings as it progresses on its Reorganisation Leading global food and agri-business, Olam International Limited (“Olam’’) announced that it has secured three committed loan facilities aggregating US$5.2 billion. The three facilities comprise a US$1.2 billion 3-year term loan and two 18-month bridge loan facilities of[Read More…]
Finance
China food tech startup completed Series Pre-A funding combining nature and technology
The funding Allklear secured reflects the tremendous potential investors see in Future Salad, and will be used to strengthen the company’s foundation in Hong Kong, A Hong Kong food tech startup combining nature and technology, Allklear, has completed Series Pre-A funding, raising HK$10M from lead investor Gobi Partners, private investor Miss Hong Kong 2020[Read More…]
Angel Yeast to acquire yeast relevant assets of Shandong Bio Sunkeen
In doing so, the company seeks to optimize its production capacity and further consolidate and strengthen its position in the industry. Angel Yeast Co., Ltd a listed high-tech yeast company in China, has recently announced it has established a joint venture company to invest RMB 100 million ($15.4 million) to[Read More…]
China based WH Group’s interim results indicate increase in sales volumes of packaged meats segment
Sales volumes of packaged meats were 1.614 million metric tons, an increase of 2.5% year-on-year WH Group Limited is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2021. In the first half of 2021, although the Group’s operation[Read More…]
Singapore-based food-tech startup Shandi raises $700,000 fund
The fund will be used to set up a manufacturing facility for plant-based chicken in Singapore Plant-based food-tech company Shandi has closed its second seed round led by Singapore-headquartered Tolaram – one of Africa’s largest packaged food companies. Other investors in this round include Australia-based food-tech accelerator SparkLabs Cultiv8 and[Read More…]
China based Angel Yeast Reports Strong Revenue Growth in First Half of 2021
Angel Yeast has established itself as a leader of the industry, becoming the third-largest yeast company in the world. Angel Yeast Co., Ltd a listed high-tech yeast company in China, announces its first-half fiscal year 2021 financial and business results ending June 30, 2021. Highlights of the report: H1 revenue[Read More…]
China’s meat and food processing company WH Group, ranked on the ‘Fortune Global 500’
The company ranked 474th on the 2021 “Fortune Global 500” list WH Group Limited is pleased to announce that the Company ranked 474th on the 2021 “Fortune Global 500” list. It achieved global operating income of USD 25.6 billion in 2020. The Company also ranked 65th on the “Fortune China[Read More…]
Israel-based cultivated meat firm Aleph Farms secures $105 M funding
The firm will use this investment to innovate, scale and grow its operations internationally Aleph Farms, the Israel-based cultivated meat company growing steaks directly from non-genetically modified animal cells, has announced the completion of a $105 million Series B funding round. The funding round was led by the Growth Fund of L Catterton, the[Read More…]
Olam completes refinancing of its European revolving credit facility
Olam Holdings has successfully completed the annual refinancing of its European revolving credit facility aggregating US$375 million Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to 17,300 customers worldwide Leading global food and agri-business, Olam International Limited (“Olam’’) announced today that its wholly owned[Read More…]
Dairy firm Fonterra approves sale of two joint venture farms in China
The sale of the JV farms is unconditional and requires no further regulatory approvals New Zealand-based Fonterra has agreed to the sale of its two joint venture farms in China. The farms in Shandong province will be sold to Singapore-based AustAsia Investment Holdings for $115.5 million. Fonterra, which owns the[Read More…]
