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Dali Foods Group Co., Ltd. Privatised by Rongshi International Investment Co., Ltd.
Mergers & Acquisitions
Dali Foods Group Co., Ltd. (3799.HK), a snack food and beverage company, was privatised by Rongshi International Investment Co. Ltd., a wholly-owned subsidiary of The State Development and Investment Group Co. LTD., by way of a scheme of arrangement. The total cash required to implement the privatisation proposal is HKD 5.7 billion.
Morrow Sodali provided shareholder identification, corporate governance support and proxy solicitation services for the transaction.
