GHMC: Asia Foods will become a wholly-owned subsidiary of the company
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GHMC announced that the company will acquire 39.9996% equity of Guangzhou Asia Brand Food Technology Co., Ltd. held by Guangzhou Nanye Yingyuan for 90.2804 million yuan, and accept the voting rights entrusted by Guangzhou Eagle Money Food Group amounting to 60.0004%. After the acquisition, GHMC will hold 100% voting rights of Asia Food, making it a subsidiary, which will expand the company's beverage business scale, enhance core competitiveness, and resolve the issue of competition with the controlling shareholder
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