date:Mar 24, 2014
uiyuan.
We are glad to have investment from Temasek, said Zhu Xinlin, Huiyuans chairman. The investment reflects foreign capitals confidence in our team, brand and outlook. We also wish to borrow Temaseks successful global investment experience to drive internationalization of the Huiyuan brand.
On Thursday, Huiyuan said it will spend 117.7 million yuan (US$19 million) to buy the entire Suntory (Shanghai) Foods Co and a 50 percent stake in Suntory (Shanghai) Foods Marketing Co to tap the tea a