Thai Beverage’s indirect subsidiary, Asiaeuro International Beverage (Guangdong), or AIB (GD), has acquired all of Dongguan LiTeng Foods, a China-based coffee bean processor, the Chang beer maker said Tuesday.
The consideration for the acquisition is 300,000 yuan, equivalent to LiTeng Foods’ registered capital, the company said in a filing to SGX.
The acquisition was funded through internally generated funds and isn’t expected to have a material impact on earnings per share for the current financial year, Thai Beverage said.
LiTeng Foods is now an indirect subsidiary of Thai Beverage, the filing said.
While you’re here, we’re hoping you can help us out.
Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.
Your monthly contribution will directly fund our journalism.
You can check your existing account here. You can also contact us about other contribution levels or for corporate subscriptions and syndication queries.