Businesses make great strides to overcome difficulties

Japanese firm Kirin Holdings Company plans to acquire a 57.25 percent stake in HCM City-listed Interfood Shareholding Company (IFS).

The Japanese company said it had bought Malaysian Trade Ocean Holdings Sdn Bhd stake in Interfood in a bid to bolster its strategy in Asia and Oceania.

Kirin Holdings also bought all outstanding shares in Malaysian Wonderfarm Biscuits & Confectionery Sdn Bhd, which manages Interfood Co’s intellectual property.

Kirin said the Vietnamese soft drinks market, along with its economy and population, had been expanding rapidly and would continue to do so in the future.

Via the partnership with Interfood, Kirin Holdings would further strengthen its non-alcoholic beverages business in Viet Nam, it said, and accelerate synergy realisation to boost the group’s growth.

However, the acquisition’s value wasn’t released.

Kirin Holdings was established in 1907. The company said it was aiming to generate 30 percent of its sales and profits from markets outside Japan primarily in Asia and Oceania – by 2015. – VNS

Tags: Kirin Holdings Company, Vietnam Beverage industry