The remaining 56.5 percent will be held by the founding Hsu family, which intends to sell some of that stake to Nestle and ultimately retain 40 percent. Hsu Fu Chi's current chief executive, Hsu Chen, will head the joint venture. The offer price is 8.7 percent above Hsu Fu Chi's closing price on Jul
Date: Jul 11, 2011
Category: Business
Source: Google
Nestle to Buy 60% Stake in Hsu Fu Chi for $1.7 Billion
Hsu Fu Chi Chairman and Chief Executive Officer Hsu Chen, the second oldest of the brothers, is the 25th richest man in Taiwan, according to Forbes magazine. Hsu Chen will continue to lead the company, the statement said.
Date: Jul 11, 2011
Category: Business
Source: Google
Nestle to Buy 60% Stake in Chinese Snack Maker Hsu Fu Chi for $1.7 Billion
With Nestl, we will accelerate the development of theHsu Fu Chi brand, its production and distribution capabilitiesand ensure Hsu Fu Chis continued growth, said Hsu Fu ChiChairman Hsu Chen, according to the Nestle statement.
Date: Jul 11, 2011
Category: Business
Source: Google
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