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…]
Finance
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…]
Olam International secures $163M
Proceeds from the Facilities will be applied towards capital expenditure and permanent working capital requirements of the Company and COVL in Vietnam, Indonesia, Timor-Leste and Papua New Guinea. Olam International Limited, a leading agri-business operating across the value chain in 66 countries, has secured medium term financing facilities aggregating $163.0[Read More…]
NADEC to acquire Al Safi Danone
NADEC funded the purchase through a 536 million Saudi riyal ($143 million) capital increase. Danone has agreed to sell its Saudi Arabian joint venture dairy company Al Safi Danone (ASD) to the National Agricultural Development Company (NADEC) for an undisclosed sum. Al Safi Danone produces a range of dairy and[Read More…]
Nutryfarm to acquire stake in First Linkage
The acquisition is part of efforts to seek potential business opportunities linked to the group’s existing areas of business. NutryFarm International Limited, an investment holding company engaged in the research, development, production, and sale of nutrition, health food, and related health products in the People’s Republic of China, is acquiring a[Read More…]
