Nissin Foods Announces 2021 Interim Results
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Monday, August 30, 2021
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HONG KONG, Aug 30, 2021 - (ACN Newswire) - Nissin Foods Company Limited (the "Company" or "Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2021 ("the reporting period").
Key Points:
- HONG KONG, Aug 30, 2021 - (ACN Newswire) - Nissin Foods Company Limited (the "Company" or "Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its interim results for the six months ended 30 June 2021 ("the reporting period").
- To facilitate Nissin Foods' long term development, the Group acquired 100% interest in Ming Fong Packaging & Chemicals Limited ("Ming Fong") at a cash consideration of HK$48.9 million on 14 April 2021.
- The joint venture distribution business also contributed to the revenue inorganically in the first quarter of 2021.
- Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "At Nissin Foods, we considered it our corporate social responsibility to ensure the stable supply of food, and the pursuit of quality a strategic move towards the Group's success.