Nissin Foods Co., Ltd. (HK:1475) has released an update.
Nissin Foods Co., Ltd. has entered into an agreement to acquire 100% of ABC Pastry in Australia for AU$33.7 million, positioning ABC Pastry to become a wholly-owned subsidiary upon completion. This strategic move includes a call option agreement on the related property, allowing further expansion. The transactions are expected to be funded through internal resources and are in compliance with the Listing Rules.
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