Nissin Foods Completes Acquisition of Equity Interest in Hong Kong Eastpeak Limited
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Lunedì, Luglio 3, 2023
HONG KONG, July 3, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) completed today the acquisition of 19% equity interest in Hong Kong Eastpeak Limited ("Hong Kong Eastpeak"), which wholly owns Eastpeak Trading (Shanghai) Co., Ltd. ("Shanghai Eastpeak"), making the two companies officially its wholly-owned subsidiaries on 3 July 2023.
Key Points:
- HONG KONG, July 3, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) completed today the acquisition of 19% equity interest in Hong Kong Eastpeak Limited ("Hong Kong Eastpeak"), which wholly owns Eastpeak Trading (Shanghai) Co., Ltd. ("Shanghai Eastpeak"), making the two companies officially its wholly-owned subsidiaries on 3 July 2023.
- Shanghai Eastpeak, which carries imported Japanese brand food and beverage products, is the distribution arm of the Group in Mainland China.
- Hong Kong Eastpeak, 81% held by Nissin Foods and 19% by Ms. LIU.
- After Ms. LIU's resignation from Shanghai Eastpeak in December 2022, the Group exercised the relevant call option and acquired her 19% stake in Hong Kong Eastpeak.