CCOF is an investment fund dedicated to addressing India and Southeast Asia’s plastics challenges, and its investors include some of the world’s leading consumer packaged goods companies. Mondelēz International, Inc. advanced its commitment to helping create a circular economy for plastic by joining Circulate Capital Ocean Fund (CCOF) as a[Read More…]
Finance
GUUD Finance singed an agreement with China’s leading coffee chain to provide working assets
The agreement marks the GUUD group’s first foray into the coffee market and is also significant as it allows GUUD to provide credit access all the way upstream to the farmers or growers of coffee beans. Singapore’s GUUD (Finance) Pte. Ltd. (“GUUD Finance”), the financing pillar of the GUUD group,[Read More…]
China’s dairy giants YIli gained operating income of 85b yuan in Q1-3
Yili’s liquid milk, cold drinks and other businesses continue to maintain an absolute market leadership position. Yili’s high-growth categories such as cheese, mineral water, low-temperature milk, and formula milk powder have maintained rapid growth. Yili Group released its financial results for the first three quarters of 2021. During the period,[Read More…]
Kerry’s Interim result shows strong growth in foodservices
Group trading profit margin increased by 60bps, reflecting a 60bps improvement in Taste & Nutrition and a 20bps improvement in Consumer Foods, driven principally by operating leverage. Kerry reports business performance for the nine months ended 30 September 2021 Edmond Scanlon, Chief Executive Officer “We are pleased with overall performance[Read More…]
Olam has secured a medium-term samurai loan facility aggregating JPY 26.7 billion.
MUFG Bank Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (Singapore Branch) and Development Bank of Japan Inc. acted as Mandated Lead Arrangers and Bookrunners for the Facility, with MUFG Bank Ltd. acting as Facility Agent. Leading global food and agri-business Olam International Limited (“Olam’’) announced that its wholly owned[Read More…]
Olam highlights further information for investors with respect to demerger & IPO
Olam has published further information for investors with respect to the planned demerger and IPO of Olam Food Ingredients (“OFI”), a global leader at the forefront of food and beverage consumer trends. Olam International Limited has published further information for investors with respect to the planned demerger and IPO of[Read More…]
Australian All G Foods’ receive funding from CEFC for growing sustainable food production
The CEFC commitment, through the Clean Energy Innovation Fund on behalf of the Australian Government, is made alongside several prominent angel investors. A new Australian company set to build further demand for plant-based and alternative proteins has closed a $16 million seed capital raise, backed by $5 million from the[Read More…]
Yili’s interim results set another new high for the Asian dairy industry
Yili exceeds market expectations with double-digit growth in revenue and net profit in H1 FY2021. Yili exceeds market expectations with double-digit growth in revenue and net profit in H1 FY2021. Yili’s strong financial performance reflects efforts at innovation and improvement of products, distribution channels, and global network. Yili – Asia’s[Read More…]
Olam secured three committed loan facilities aggregating US$5.2 billion to facilitate Olam’s Re-organisation Plan
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…]
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…]
