Nissin Foods Announces Major Acquisition

Nissin Foods Co., Ltd. (HK:1475) has released an update.

Nissin Foods Co., Ltd. has announced the acquisition of Gaemi Food, with the deal involving a purchase of 100% equity interest for KRW48,000 million, roughly HK$271.7 million. This strategic move will make Gaemi Food a wholly-owned subsidiary of Nissin Foods upon deal completion, subject to certain conditions being met by 30 November 2024. The acquisition marks a significant transaction for Nissin Foods, as it falls under a discloseable transaction category according to the Listing Rules.

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