According to the Zhitong Finance App, Yasui Foods (02648.HK) announced that in order to further improve the company's industrial layout in the field of frozen baked goods, enrich the company's product categories, and combine the company's overseas business development plans, the company plans to obtain control of IFC through this transaction. IFC is headquartered in Singapore and is mainly engaged in R&D, production and sales of frozen cakes, bread and other baked goods, and has formed a business system covering product R&D, manufacturing, customer service and marketing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.