ThaiBev acquires China’s coffee company Dongguan LiTeng Foods

Singapore-listed Thai Beverage, or ThaiBev as its popularly known, has acquired Mainland China’s coffee processing and trading company Dongguan LiTeng Foods, for RMB300,000 ($43,570.50), marking its foray into China’s coffee business.

The 100 per cent stake acquisition by ThaiBev has been routed through its indirect subsidiary Asiaeuro International Beverage (Guangdong).

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