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Nestlé Acquires Controlling Stake In Singapore-Listed, China-Based Hsu Fu Chi

July 18, 2011: 11:12 AM EST
Nestlé has agreed with the Hsu family to acquire 60% of Hsu Fu Chi, a Singapore-listed manufacturer and distributor of confectionery products in China. The Hsu family will retain 40% of the company, with Hsu Chen remaining as CEO and chairman of Hsu Fu Chi. Nestlé offers to buy the shares of the company's independent shareholders who account for 43.5% of the shares in Hsu Fu Chi as part of the deal, which is subject to approval by regulators in China.
Press Release, Nestlé, "Nestlé to enter partnership with Chinese confectionery company Hsu Fu Chi", Nestlé, July 18, 2011, © Nestlé
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