Ting Hsin Group completes stake sale to ITOCHU
May 27, 2009 | BY
clpstaff &clp articlesChinese processed food company Ting Hsin Group has completed the sale of a 20% stake to Japanese trading house ITOCHU Corporation.The US$710 million investment,…
Chinese processed food company Ting Hsin Group has completed the sale of a 20% stake to Japanese trading house ITOCHU Corporation.
The US$710 million investment, which was made through Ting Hsin holding company Ting Hsin (Cayman Islands) Holding Corp, marks one of the largest individual investments by a Japanese trading house in the Chinese foods sector to date.
Beijing-based partner Xiangyang Ge, together with his Tokyo-based counterpart Anne Hung, led the Baker & McKenzie team working alongside ITOCHU corporate counsel and general manager Claire Chino on the deal. The investment represents a major foothold for ITOCHU in the Chinese and Taiwanese processed food markets, which are forecast to grow strongly.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now