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Xiwang Food Bought the Canadian Health Food Kerr

 Time:2016-09-29 17:00:24  Source:Securities Journal  

 
The Shandong-based Xiwang Food plans to partner with a local capital fund to pay $730 million in cash to buy Kerr Investment Holding Corp., the Canadian sports health food company.
 
The listed company mainly produce cooking oil and does not have much business related to health food.
 
The local industry people said that it is not sure whether this deal worth that much of money and it really depends on whether the Chinese company can integrate the foreign business smoothly in the future.