HENAN KEDI DAIRY ANNOUNCES PLAN TO BUY HENAN KEDI QUICK FROZEN
May 1st, 2019
CHINA’S Henan Kedi Dairy has notified its shareholders that it plans to buy an associated autonomous company Henan Kedi Quick Frozen Food Co Ltd for a tentatively set transaction price of Chinese Yuan Renminbi CNY1.48 billion (USD221.28 million) via share issue.
Henan Kedi Quick Frozen specializes in the production and sale of quick-frozen pasta, meat and specialty vegetables.
Both companies are part of the Kedi Group, a holding consisting of the four independent working companies Kedi Dairy, Kedi Quick Frozen, Kedi Flour and Kedi Bio-engineering.
The ...
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