GRM Overseas Limited one of India’s leading basmati rice exporters and a niche consumer staples player announced the set up of its Food Tech Fund under the aegis of its subsidiary GRM Foodkraft Private Ltd. GRM Overseas Limited one of India’s leading basmati rice exporters and a niche consumer staples[Read More…]
Finance
Korea based Company Plans to build one of Asia’s largest plant-based meat factory
Zikooin Company, a plant-based meat substitute manufacturer attracted investments totaling around USD 23 million. Zikooin Company, a plant-based meat substitute manufacturer attracted investments totaling around USD 23 million.(28 billion Korean won) Zikooin Company won follow-ons from Primer Sazze Partners, IMM Investment, A Ventures, and Envisioning Partners. KDB Bank, STIC Ventures, PremierPartners,[Read More…]
Missfresh reached new milestone by listing over FTSE Global Equity Indices
Missfresh Limited an innovator and leader in China’s neighborhood retail industry, announced that it will be added to the FTSE Global Equity Index Series Missfresh Limited an innovator and leader in China’s neighborhood retail industry, announced that it will be added to the FTSE Global Equity Index Series (“FTSE GEIS”)[Read More…]
olam food ingredients publishes further information for investors
Introduction to ofi for investors’ highlights ofi’s attractive portfolio and strong growth prospects, driven by a proven and repeatable growth model ofi, a global leader in naturally good food & beverage ingredients has published further information for investors prior to attending J.P. Morgan’s Best of British Seminar on 22 November[Read More…]
Mondelēz International making an investment in CCOF, addressing Asia
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…]
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…]
