China Food Co, the leading Chinese manufacturer of cooking and dipping sauces, has parted ways with one of its “major” shareholders.

China Food Co said today (16 January) that Hana Mulsan Co has sold its entire 12.3% stake in the firm, consisting of 8.8m ordinary shares. Financial details of the transaction were not disclosed.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“These ordinary shares have been successfully placed in full with a number of UK institutional investors,” said the group, which is based in China’s Shandong province. It did not give any reason for the sale.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now