男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Companies

Hsu Fu Chi in talks With Nestle on acquisition

(Agencies)
Updated: 2011-07-04 14:46
Large Medium Small

Chinese snack and candy maker Hsu Fu Chi International Ltd said Nestle SA is among the parties in talks to buy the company, Bloomberg reported Monday.

Nestle, the world's largest food maker, is assessing a potential bid for Hsu Fu Chi and the two companies have been in talks on a long-term partnership for a few years, spokeswoman Christine Sun was quoted as saying in a telephone interview with BLoomberg Monday. Trading of the company's stock was suspended in Singapore today pending an announcement.

Related readings:
Hsu Fu Chi in talks With Nestle on acquisition Nestle plans expansion in China
Hsu Fu Chi in talks With Nestle on acquisition Nestle expands in China through Yinlu offerings
Hsu Fu Chi in talks With Nestle on acquisition Nestle raises production capacity, plans expansion
Hsu Fu Chi in talks With Nestle on acquisition Nestle China insists products 'absolutely safe'

Nestle is looking to China and other emerging markets for faster growth. The company acquired Russia's Ruzskaya Confectionery Factory in 2007 and a 51 percent stake in Turkish chocolate and biscuits maker Dogan & Balaban Gida in December.

Hsu Fu Chi, with a market value of about $2.6 billion, generates all its revenue in China where it sells candies, chocolates and pastries. It needs a partner like Nestle to expand overseas, said Ben Cavender, an analyst with China Market Research in Shanghai.

"They want to go international and they don't have resources, capabilities necessary to do that themselves," Cavender said by telephone. "Having somebody like Nestle who has a really strong international network really helps those brands."

Hsu Fu Chi is also talking to companies in the US, Europe and Japan, Sun said. "Hsu Fu Chi wants to find a partner that will help us to forge a long-lasting brand," Sun said.

Hsu Fu Chi reported 2010 profit rose 31 percent to 602.2 million yuan ($93 million) as sales climbed 14 percent to 4.3 billion yuan, according to Bloomberg data. It sold shares to the public in Singapore in December 2006. The shares have risen 72 percent in the past year, giving the company a market capitalization of S$3.18 billion ($2.6 billion).

The company, founded in 1992 by four brothers from Taiwan, has 45 large-scale production plants and can make more than 700 different types of confectionery products, according to its website. Chairman and Chief Executive Officer Hsu Chen, the second oldest of the brothers, is the 25th richest man in Taiwan, according to Forbes.

分享按鈕
主站蜘蛛池模板: 景洪市| 滨海县| 普陀区| 库车县| 巨野县| 错那县| 台东县| 土默特右旗| 景宁| 义乌市| 平阴县| 孟津县| 临沂市| 铜陵市| 珲春市| 建湖县| 太仓市| 焉耆| 海阳市| 隆安县| 永城市| 龙口市| 宣化县| 通渭县| 泸州市| 灵璧县| 青河县| 揭西县| 大名县| 东宁县| 大邑县| 社会| 灵山县| 司法| 泰和县| 正安县| 伊宁市| 金湖县| 福州市| 双峰县| 萨迦县|