The company was founded by former Westland Dairy Co-op sales and marketing manager for Asia James Gong, who was born in China. Keystone Dairy Corporation, a major New Zealand manufacturer, packer and exporter of dairy and nutrition blended products has listed on the Australian Securities Exchange. Keytone commenced production of[Read More…]
Finance
Eatigo receives follow-on funding from TripAdvisor
This brings its total raise across all its investors to date to over $25 million. Bangkok and India-based online restaurant reservation platform Eatigo has raised a follow-on funding as part of its pre-Series C round from existing investor TripAdvisor. This brings its total raise across all its investors to date[Read More…]
Kirin, Mitsui to acquire stake in supplement firm
The two Japanese companies will own 40 percent each of New York-based Thorne through the investment expected to total over ¥5 billion each. Beverage group Kirin Holdings Co. and trading house Mitsui & Co. are planning to jointly acquire an 80 percent stake in Thorne Research Inc., a U.S. developer[Read More…]
BreadTalk to set expansion in China through stake acquisition
The tripartite alliance is expected to leverage on Pindao in sourcing strategic locations in Shenzhen and Guangzhou. Singapore- BreadTalk Group-Pindao Venture (BTG-Pindao) will acquire 90% of diner Song Fa (SF). The deal will transfer the operations and managing of restaurants from Song Fa Subsidiaries Song Yu in Shenzhen and Guangzhou[Read More…]
Danone to acquire a 49.9% stake in Yashili New Zealand
According to Yashili, the consideration, the payment method and the payment schedule shall be determined after arm’s length negotiations and mutual agreement between the parties. Danone has signed a non-binding agreement to acquire a 49.9 per cent stake in Yashili New Zealand Dairy Company, after its Danone Asia Pacific Holdings[Read More…]
Jollibee to acquire Tim Ho Wan franchises for $33.4 M
The deal will combine Tim Ho Wan’s Michelin-starred barbecue pork buns with Jollibee’s stable of Chinese restaurants: Chowking in the Philippines, and Yonghe King and Hong Zhuang Yuan in China. Jollibee Foods Corp (JFC) has announced that it would invest US $33.4 million in a private equity fund that is[Read More…]
Unilever invests $120M to boost operations in Pakistan
A majority of the investment will be made to enhance manufacturing operations across Unilever’s four factories in Pakistan over the next two years. Unilever will invest $120 million in its Pakistani operations as it responds to the country’s high potential for long-term growth. A majority of the investment will be[Read More…]
CP Foods signs deal with Brazilian shrimp farm
The company agreed to purchase a total of 4,666,667 newly issued ordinary shares representing 40 per cent of total capital stock of Camanor worth $17.5 million. Thailand’s Charoen Pokphand Foods (CP Foods) has inked a deal to acquire a 40 per cent stake in Camanor Produtos Marinhos, one of a[Read More…]
Chai Point raises $20M series C funding
Chai Point will use its funding to broadening its operations, especially its beverage vending machine vertical BoxC. Singapore- Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all its existing investors[Read More…]
Heineken performs strong in Asia
Consolidated beer volume was up by 11.3 per cent in the company’s Asia Pacific unit. Heineken, the world’s second largest-brewer, saw its global shipments rise 4.3 per cent in the first quarter of the year with significant growth in Asia. Profits fell to €260 million from €293 million a year[Read More…]
