Singapore - SOYBEAN products and animal feed supplier United Food Holdings acquired an 80% stake each in three China companies that develop and sell animal feed and animal feed-related products. The total acquisition cost $24.5m.
According to KGI, the total consideration for all acquisitions will be $24.5m (CNY120m).
The acquisitions will allow United Food to expand and strengthen its foothold in China, and gain its target companies’ expertise and products, the company said.
