[ET Net News Agency, 20 December 2019] Tingyi (Cayman Islands) Holding Corp. (00322)
said the company has agreed to acquire 52,637 shares in KSF Beverage from Ting Hsin for a
consideration of US$203 million.
The sale shares represent approximately 5% of the issued share capital of KSF Beverage.
Upon completion, the interest in KSF Beverage that the company will be able to control
will increase from approximately 77.9% to approximately 82.9%.
KSF Beverage and its subsidiaries are principally engaged in the production and
distribution of beverage products in the PRC. (RC)