stock exchange: Pepsi Co will acquire the stake from minority shareholders and will become the second largest shareholder behind Natural Food's founders who own approximately 42 percent of the company, according to Global Times China. This investment signals the company's commitment to accelerate growth in this key market. Pepsi Co announced on today that it will invest approximately 131 million 901 million yuan to acquire approximately 26 percent of the issued ordinary shares of Natural Food International Holding Limited Natural Food which is China's second largest natural health food company with a focus on grain-based premium nutrition powder. Natural Food was successfully listed on the main board of the Stock Exchange of Hong Kong Limited in 2018, and generated annual revenue of 1.8 billion yuan last year. Infused with modern nutrition science and food processing technologies, their diversified product portfolio includes over 100 types of products. Its brand Wugu Mofang ranked first in terms of top-of-mind brand awareness and customer satisfaction among all the natural health food brands in China and the most frequently consumed brand among all the natural health food products in China.
(news.financializer.com). As
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