Article: BRIGHT FOOD TO BUY 60% OF YUNNAN BIGGEST SUGAR MAKER


AsiaInfo Services
08-18-2009
Bright Food to Buy 60% of Yunnan Biggest Sugar Maker

SHANGHAI, Aug 18, 2009 (SinoCast Daily Business Beat via COMTEX) -- Bright Food (Group) Co., Ltd. yesterday announced that it would purchase a 60% stake in Yunnan Dehong Yingmao Sugar Industry Co., Ltd., the biggest sugar maker in Yunnan Province, southwest China.

Sources said that Bright Food (Group) would obtain a 30% stake in the target company from Goldman Sachs and another 30% stake from the management of Dehong Yingmao Sugar.

The Bright Food (Group) Chairman Wang Zongnan said that after the strategic cooperation, his company would help Dehong Yingmao Sugar speed up its listing in Hong Kong.

Days ago, ...

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