Nissin Foods has announced its plans to enter a joint venture agreement to import and sell a range of Japanese branded food and beverage products in China. Nissin will own an 81% stake in the venture and contribute approximately HKD 18.6 million (US$2.4 million) to its share capital. Mr. Liu Feng, the General Manager and Director of Dachang Dongfeng Food (Shanghai), will own the other 29%.
“Formation of the JV is the group’s latest initiative to diversify products and expand distribution channels in the PRC, and . . .
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