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FOOD & BEVERAGE | Staff Reporter, Singapore

United Food Holdings grabs 80% stake each in three firms

The total acquisition cost $24.5m.

United Food Holdings acquired an 80% stake each in three China companies that develop and sell animal feed and animal feed-related products.

According to KGI, the total consideration for all acquisitions will be $24.5m (CNY120m).

The acquisitions will allow United Food to expand and strengthen its foothold in China, and gain its target companies' expertise and products, the company said. 

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