Nissin Foods Co., Ltd. ( (HK:1475) ) has shared an update.
Nissin Foods Co., Ltd. has announced a Master Supply Agreement with its connected subsidiary, Nissin Australia, effective from March 26, 2025, to December 31, 2027. This agreement involves the supply of instant noodles, snacks, cereals, and other food products, with pricing based on a profit margin of 2% to 6%. The agreement is subject to the Hong Kong Listing Rules, with annual caps set for sales to Nissin Australia at HK$54.4 million, HK$69.4 million, and HK$72.4 million for the periods ending December 2025, 2026, and 2027, respectively. This strategic move is expected to enhance Nissin Foods’ market positioning and operational capacity in Australia and New Zealand.
More about Nissin Foods Co., Ltd.
Nissin Foods Co., Ltd. operates in the food industry, primarily focusing on the production and sale of instant noodles, snacks, cereals, and other food products. The company has a significant market presence and is involved in supplying products to various regions, including Australia and New Zealand.
YTD Price Performance: 0.50%
Average Trading Volume: 572,126
Technical Sentiment Signal: Sell
Current Market Cap: HK$6.29B
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