The rise in the price of raw materials pushed up the cost of condiments, and institutions paid high attention to 9 concept stocks

Chinese Restaurant Brands Going Global: What Keeps Customers Coming Back After the Opening?

How long can the queues outside a brand’s first overseas store last? And how many customers drawn in by the novelty will become regulars? For Chinese restaurant brands expanding internationally, opening a store is only the beginning of the challenge of building a local business and retaining customers.

Anjoy Agrees to Acquire 60% of Singapore’s IFC for US$30.5 Million

Anjoy Foods Group (安井食品) has agreed to acquire 60.0005% of Singapore-based International Foodgnostics Corporation Pte. Ltd. (IFC) for US$30.47 million in cash. The proposed acquisition would add frozen bakery capabilities and operations in China, Singapore and Malaysia.

Robam and Controlling Shareholder Plan Up to CNY 1.3 Billion to Fund iTronics Acquisition

Hangzhou Robam Appliances (老板电器) and its controlling shareholder plan to contribute up to CNY 1.3 billion to fund the proposed acquisition of 60% of iTronics Holding Limited, expanding the kitchen-appliance maker’s access to North American and European sales channels. Robam’s board approved the funding proposal on October 9; shareholder approval and completion remain pending.

Haitian: Revenue Growth Rate Remains at 20%, in Line with Expectations for 3Q 2020

The course of Guangdong condiment company Foshan Haitian reflected segment generally enjoyed high growth in the second quarter. After the 3Q growth rate returned to normal levels, the secondary market reacted negatively.

Condiment Company Haitian Forecasts Net Profit to Rise 13% YoY in 1H2020

Listed companies in China's condiment industry saw positive revenue and net profit growth.