July 27, 2017 9:58 PM ET

Food Products

Company Overview of Yihai Kerry Investments Co., Ltd.

Company Overview

Yihai Kerry Investments Co., Ltd. is an investment holding company, which through its subsidiaries, offers grain and oil processing and trading services. It also provides sales and marketing of consumer pack products such as animal and vegetable oils and fats and related by-products, processed products, food, condiments, beverages, drinking water and grains. The company is based in Shanghai, China. Yihai Kerry Investments Co., Ltd. operates as a subsidiary of Wilmar China Limited.

No.B1001-1007, Floor 10th

Kangqiao Advanced Manufacturing Technology Innovation Park

No.2388 Xiupu Road

Pudong

Shanghai,  200120

China

Key Executives for Yihai Kerry Investments Co., Ltd.

Yihai Kerry Investments Co., Ltd. does not have any Key Executives recorded.

Yihai Kerry Investments Co., Ltd. Key Developments

Yihai Kerry Investments Co., Ltd. and Singapore Food Industries Pte. Ltd. Incorporates Associated Company

Wilmar International Limited announced that its wholly-owned subsidiary, Yihai Kerry Investments Co., Ltd. and Singapore Food Industries Pte. Ltd. have incorporated a company, SATS Yihai Kerry Kunshan Food Co., Ltd., on 14 September 2016 in the People's Republic of China. SATS Yihai Kerry Kunshan, which is the Operating Company referred to in Wilmar's news release of 22 January 2016, has a registered capital of RMB 200,000,000 or approximately SGD 40.8 million. SFI will subscribe for 60% and YKI will subscribe for 40% of the registered capital of SATS Yihai Kerry Kunshan. Wilmar's investment in SATS Yihai Kerry Kunshan is not expected to have any material impact on the consolidated net tangible assets and earnings per share of Wilmar and its subsidiaries for the current financial year ending 31 December 2016.

Wowo Limited Announces Partnership with Yihai Kerry Investment Co, Ltd

Wowo Limited announced that on May 9, the company entered into a strategic cooperation agreement with Yihai Kerry Investment Co, Ltd. The partnership expands JM WOWO’s product selection, bringing Yihai Kerry’s Jinglongyu branded cooking oil, flour and rice products and its Jiejin branded kitchen cleaning products to the company’s online marketplace. The partnership with Yihai Kerry will help attract additional merchant purchasers by expanding product volume and selection provided on the company’s online platform. This cooperation also extends JM WOWO’s efforts to help merchants reduce purchasing costs and food safety risks.

Yihai Kerry Investments and Singapore Food Industries to Form Operating Company

Yihai Kerry Investments Co., Ltd. has entered into a conditional joint venture (JV) agreement with Singapore Food Industries Pte. Ltd. (SFI) to incorporate an operating company to supply certain safe and quality food to the Chinese market. Concurrently, Yihai Kerry has also entered into a conditional JV agreement with SFI to incorporate an investment holding company to supply certain safe and quality food to the Chinese market. The operating company will have a registered capital of CNY 200 million ($30.39 million). SFI will subscribe for 60% and Yihai Kerry will subscribe for 40% of the registered capital of the company.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 28, 2017
Yihai Kerry (Shanghai) Chocolate Co., Ltd
Merger/Acquisition
January 26, 2017
Goodman Fielder (Guangzhou) Trade Co. Ltd
 

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