Nissin Foods Company Limited (“Nissin Foods” or the “Company”, together with its subsidiaries, the “Group”; Stock code: 1475) revealed today that the Group and Itochu Hong Kong Limited (“Itochu HK”) have actually signed contracts to collectively buy Nissin Marketing and Sales (H.K.) Limited (“NMS”). The deal was finished through capital contributions from both celebrations. Nissin Foods stays the managing investor of NMS.
The joint capital expense will improve the Group’s item procurement abilities, permitting the expedition and advancement of brand-new representative brand names, consisting of brand-new and third-party brand names, not just from Japan however likewise from other abroad markets to thrill regional customers in Hong Kong and the Chinese Mainland. Nissin Foods and Itochu HK will take advantage of their collaborations with significant retail chains and experience with e-commerce platforms to broaden sales channels both online and offline. Furthermore, using innovative logistics networks in the Chinese Mainland will enhance functional effectiveness, making sure the Group’s continual development and competitiveness in the markets.
Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foodsstated, “ITOCHU Group has substantial resources and important experience in the circulation organization sector. This joint capital expense will produce useful synergies for both celebrations. The contract shows Nissin Foods’ continuous dedication to bringing top quality and varied brand names and items to regional customers in Hong Kong and the Chinese Mainland, eventually supporting the Group’s circulation operations and guaranteeing sustainable development.”
Nissin Marketing and Sales (H.K.) Limited (“NMS”, previously Hong Kong Eastpeak Limited) was developed to handle 2 circulation subsidiaries in Hong Kong and Shanghai. NMS entirely owns the 2 circulation arms, unifying management and boosting the Group’s capability to bring in brand name partners. The Hong Kong subsidiary disperses drinks, confectionery, treats, Japanese-branded flavoring sauces and cooled items in Hong Kong, experiencing development due to restored incoming tourist and broadened sales channels, consisting of a brand-new Japanese chocolate and cookie brand name. The Shanghai subsidiary supervises the circulation of confectionery and drinks in the Chinese Mainland, broadening its item portfolio with brand-new offerings, such as European mineral water and Japanese carbonated drinks, which even more enhances the Group’s existence in the premium imported items sector.
Nissin Marketing and Sales (H.K.) Limitedmanages the 2 circulation subsidiaries in Hong Kong and Shanghai. The business provide a varied series of items, including natural mineral waters and carbonated water, coffee, spices sauces, curries, combined veggie and fruit juices, a broad selection of treats and sugary foods, along with premium chocolates and cookies.
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The Hong Kong subsidiary is dispersing more than 440 items in 8 various classifications in Hong Kong.
The Shanghai subsidiary is managing the circulation of more than 300 items in 20 classifications in the Chinese Mainland.
About Nissin Foods Company Limited
Nissin Foods Company Limited (” Nissin Foods”, together with its subsidiaries, the”Group “; Stock code: 1475) is a popular food business in Hong Kong and the Chinese Mainland, with a varied portfolio of widely known and extremely popular brand names, mostly concentrating on the premium immediate noodle section. The Group formally developed its existence in Hong Kong in 1984 and is the biggest immediate noodle business in Hong Kong. The Group mainly makes and offers instantaneous noodles, top quality frozen food items, consisting of frozen dim amount and frozen noodles, and likewise offers and disperses other food and drink items, consisting of retort pouches, treats, mineral water, sauce and veggie items under its 2 core business brand names, specifically “NISSIN” and “DOLL” together with a varied portfolio of renowned family premium brand names. The Group’s 5 flagship item brand names, specifically “Cup Noodles”, “Demae Iccho”, “Doll Instant Noodle”, “Doll Dim Sum” and “Fuku” are likewise amongst the most popular options in their particular food classifications in Hong Kong. In the Chinese market, the Group has actually presented technology development through the “ECO Cup” principle and mostly focuses its sales efforts in very first- and second-tier cities. In addition, Nissin Foods runs organization in other areas consisting of Vietnam, Taiwan, Korea and Australia markets.
Nissin Foods is presently a constituent of 5 Hang Seng Indexes, particularly: Hang Seng Composite Index, Hang Seng Composite SmallCap Index, Hang Seng Composite Industry Index – Consumer Staples, Hang Seng SCHK Consumption Index and Hang Seng SCHK Consumer Staples Index. Nissin Foods is qualified for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For additional information, please see www.nissingroup.com.hk.
Subject: Press release summary
