ACN Newswire

2024-11-11 16:12

Nissin Foods Enters into JV Agreement with Nissin Asia

HONG KONG, Nov 11, 2024 - (ACN Newswire) - Nissin Foods Company Limited (“Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is pleased to announce that the Group and Nissin Asia have entered into a joint venture agreement (the “JV Agreement”) which provides for the formation of a joint venture company (the “JV Company”). The JV Company, named Australia Nissin Foods Pty., Ltd., will be owned 51% by the Group and 49% by Nissin Asia upon its incorporation. 

The Group will contribute AUD1,020,000 (equivalent to approximately HK$5,232,600) in cash to the share capital of the JV Company, which will be financed from the Group’s internal resources. The JV Company will become a non-wholly-owned subsidiary of the Group with its financial results to be consolidated into the Group’s consolidated financial statements. The JV Company will be primarily engaged in the import and sale of instant noodles, snacks, cereals and other food products in Australia and New Zealand.

By establishing a local presence in Australia and New Zealand, the Group will be able to enhance its marketing activities in both markets, strengthen its sales and distribution network and maintain greater control over retail sales and inventory levels of the Group’s products. Nissin Asia, based in Thailand, is principally engaged in the provision of managerial or support services to its subsidiaries which are manufacturers and sellers of instant noodles in countries such as Thailand, Indonesia, Singapore, Cambodia and Malaysia. The Group believes that Nissin Asia will play a vital role in strengthening the distribution and expansion of the instant noodles market in Australia and New Zealand.

The instant noodle markets in Australia and New Zealand experienced healthy growth in recent years. In Australia, demand rose from 420 million servings in 2019 to 500 million in 2023, achieving a CAGR of 4.5%. In New Zealand, demand increased from 90 million to 110 million servings, with a CAGR of 5.1%. Both countries outperformed the corresponding global CAGR of 3.1%. The Group believes that this growth trend will continue going forward as the growing populations of Australia and New Zealand, driven especially by the Asian migration to these countries, present ample opportunities for expansion of the instant noodles market in both countries.

Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, “The establishment of Australia Nissin Foods Pty., Ltd. represents a significant milestone in our Group’s international outreach, strengthening our presence in the Australian and New Zealand markets. Building on the strategic acquisition of ABC Pastry, which diversifies our product portfolio, this joint venture will reinforce our market position in these two markets. It will also broaden the revenue streams of the Group over time. By capitalising on a series of strategic M&A initiatives, we are enhancing operational efficiency and better aligning with evolving consumer preferences. Moreover, these efforts are central to our strategy of driving sustainable, long-term growth. They aim to deliver lasting value to the Group and its shareholders in the years ahead.”

For more information, please refer to the announcement on the Hong Kong Stock Exchange website at: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1111/2024111100167.pdf

PHOTO

The key brands and products of the Australia Nissin Foods Pty., Ltd.
include Demae Iccho, Nissin Ramen and Cup Noodles.

About Nissin Foods Company Limited
Nissin Foods Company Limited ("Nissin Foods”, together with its subsidiaries, the “Group”; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China, with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely “NISSIN ” and “DOLL ” together with a diversified portfolio of iconic household premium brands. The Group’s five flagship product brands, namely “Cup Noodles”, “Demae Iccho ”, “Doll Instant Noodle , “Doll Dim Sum ” and “Fuku” are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the “ECO Cup” concept and primarily focuses its sales efforts in first-and second-tier cities. In addition, Nissin Foods operates business in other Asian regions including Vietnam, Taiwan and Korea markets.

Nissin Foods is currently a constituent of five Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index - Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk.

For media enquiries:

For investor enquiries:

Nissin Foods Company Limited

Nissin Foods Company Limited

Public Relations Department

Investor Relations Department

Blanche WONG / Wing WU

Shingo YAMAZAKI / Fanny YAN

Email: pr@nissinfoods.com.hk

Email: ir@nissinfoods.com.hk

Strategic Financial Relations Limited

 

Vicky LEE

Tel: (852) 2864 4834

 

Iris AU YEUNG

Tel: (852) 2114 4913

 

sprg_nissin@sprg.com.hk

 

 

 



Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com

人氣文章
最近7天
1
高息定存 | 6個月港元定存3.8厘新高,188日快閃優惠3.68厘
2
高息定存 | 富邦推快閃定存優惠3個月3.9厘,華僑188日3.68厘
3
高息定存 | 工銀亞洲推3個月5厘息搶新客,招商永隆推快閃優惠
4
回顧展望-新股復燃 | 政策市激發IPO 惟六成新股破發損行情
5
【FOCUS】零售寒冬襲京滬港,逆市奇葩值借鏡
6
港股 | 蕭猷華:恒指料退守至18600點,宜逢低吸納
7
神州經脈 | 換手機可獲政府補貼,政策利率將降,滬指周挫逾5%
8
內銀股 | 人行再提擇機減息降準,內銀獲中金唱好,應該點部署?
9
神州經脈 | PMI遜預期,滬指全年止跌回升,人幣年度貶幅擴
10
回顧展望-人幣走貶 | 關稅殺到,先貶為敬,人幣明年勢見7.5
11
新股掛牌 | 布魯可首日掛牌升41%,每手賺7395元
12
大國博弈 | 【FOCUS】騰訊商湯寧德重挫,CMC清單劍指軍民融合
13
高息定存 | 一周高息合集,銀行年尾搶資金,大眾3個月3.6厘
14
加州山火 | 【FOCUS】洛杉磯烈火焚城,天災背後藏人禍
15
高息定存 | 一周高息合集,恒生1個月定存4厘,工銀亞洲3個月最高5厘
16
回顧展望-A股自強 | 憧憬國策利好,機構對明年股市走勢樂觀
17
高息定存 | 渣打特選客6個月3.48厘,建行亞洲推1個月6.18厘高息吸客
18
藍圖2.0 | 旅遊發展藍圖2.0提四大策略,推特色項目智慧旅遊並開拓客源
19
去旅行 | 攜程:首十一月香港用戶平均出境航班次數增至1.9次
20
港股 | 蕭猷華:恒指春節前可挑戰21500點
21
港股 | 蕭猷華:恒指春節前目標21500點
22
高息定存 | 一周高息合集,銀行高息吸客,低門檻10萬享6.18厘,3個月最高5厘
23
高息定存 | 花旗3個月港元定存息加至4厘,信銀國際3.88厘
24
互聯支付 | 黃俊碩:轉數快與IBPS互聯支付所產生的發展契機
25
神州經脈 | 基金賣股票據報受限,滬指連跌四日,人行穩匯率
26
一本萬利 | 2025年的五個「勿」(有片)
27
專訪|洪灝:美股更大跌幅在前面,恐需習慣4%通脹(有片)
28
微盟 | 炒完微信小店,微盟(2013)遭三名主要股東急沽持股套現
29
習近平應約與特朗普通電話,特:冀盡快與習見面
30
易經看世界 | 從乙巳年立春八字看香港前景:哪行業當旺?哪行業運滯?(有片)
專業版
HV2
精裝版
SV2
串流版
IQ 登入
強化版
TQ
強化版
MQ

【etnet 30周年】多重慶祝活動一浪接一浪,好禮連環賞!

【蛇年行大運 新年好賞「飾」】etnet賞太歲開運趨吉避凶神器

etnet榮獲HKEX Awards 2023 「最佳證券數據供應商」大獎

大國博弈

貨幣攻略

說說心理話

聖誕新年特輯

Watch Trends 2024

北上食買玩

Art Month 2024

秋天養生食療

山今養生智慧

輕鬆護老