CPF to buy Chinese food firm
- Published: 3 Jan 2013 at 00.00
- Newspaper section: Business
SET-listed Charoen Pokphand Foods Plc (CPF) plans to acquire Chia Tai Food Enterprise (Qinhuangdao), a manufacturer and distributor of meat and ready-to-eat products in China.
The transaction made through CP China Investment Ltd (CPCI), a wholly owned subsidiary of CPP (76% held by CPF), amounts to US$15.8 million (483 million baht).
The seller is Chia Tai Food Investment (CTFI), a subsidiary of the Charoen Pokphand Group (CPG), a major shareholder of CPF.
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