date:Jan 07, 2013
Thai food manufacturer Charoen Pokphand Foods (CPF) plans to acquire Chia Tai Food Enterprise, a manufacturer and distributor of meat and ready-to-eat products in China for THB483m ($15.8m).
The transaction will be made through CP China Investment (CPCI), a wholly owned subsidiary of CPP (76% owned by CPF).
Chia Tai Food Enterprise is being sold by Chia Tai Food Investment (CTFI), itself a subsidiary of the Charoen Pokphand Group (CPG), which is a major shareholder of CPF.
The acquisition wil