Singapore-listed Chinese candy maker Hsu Fu Chi International (HSFU.SI) has requested for a halt in the trading of its shares on Monday.
Hsu Fu Chi said it will announce the results of a court meeting on the approval of an arrangement related to a planned joint venture between Nestle and the current majority shareholders of the company.
Hsu Fu Chi said it will announce the results of a court meeting on the approval of an arrangement related to a planned joint venture between Nestle and the current majority shareholders of the company.
In July, Nestle (NESN.VX), the world’s largest food company, offered to pay US$1.7 billion ($2.2 billion) for a 60% stake in Hsu Fu Chi to move deeper into the fast-growing Chinese market.
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