Mustard manufacturer Chongqing Fuling Zhacai Group plans to take full ownership of condiments maker Sichuan Province HuiTong Shiye Co (HT Food) for CNY129.2m (US$20.82m).
Mustard manufacturer Chongqing Fuling Zhacai Group plans to take full ownership of condiments maker Sichuan Province HuiTong Shiye Co (HT Food) for CNY129.2m (US$20.82m).
In a regulatory filing, the company said it will issue CNY32.1m in a private placement to fund the deal. The company added that it will not issue more than 4.044m new shares. Current share capital stands at 201.5m.
Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suitedelivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.
