• <wbr id="i3rms"><legend id="i3rms"></legend></wbr>
    1. <wbr id="i3rms"></wbr>

      <nav id="i3rms"></nav>

      此頁面上的內容需要較新版本的 Adobe Flash Player。

      獲取 Adobe Flash Player

      Corporate News

      New partnership between Hsu Fu Chi and Nestlé

      Dongguan, July 11, 2011, Hsu Fu Chi Group today announces that it has entered into a partnership agreement with Nestlé Group, one of the world's largest food companies with a history of over 140 years. This partnership may realize Hsu Fu Chi's vision of being a century-old brand. Under the proposed agreement, Nestlé intends to acquire 60% of Hsu Fu Chi whilst the Hsu family will own the remaining 40%. Hsu Fu Chi's current CEO and Chairman, Mr. Hsu Chen, will continue to lead the company in the new partnership.

      Based on this, Hsu’s family agrees to transfer 16.5% stake of its currently holding of 56.5% to Nestlé, which will be in effect after Nestlé completing acquiring the shares of Hsu Fu Chi’s independent shareholders, representing 43.5% of the shares in Hsu Fu Chi, by way of a scheme of arrangement. Nestlé offers a cash price of SGD 4.35 per Hsu Fu Chi share which represents a premium of 24.7% over the volume-weighted average share price over the last 180 days. Nestlé has secured irrevocable undertakings from the two largest independent shareholders - Arisaig Partners Holdings and subsidiaries of the Baring Asia Private Equity Fund which hold 9.0% and 16.5% respectively - to vote in favour of the scheme. The total price to be paid by Nestlé to acquire 60% of Hsu Fu Chi is approximately SGD 2.1 billion.