Norton Rose Fulbright advises China Foods Limited on US$649 million wine and non-beverage business disposal

Global Business October 19, 2017

Global law firm Norton Rose Fulbright is advising Hong Kong-listed China Foods Limited on a US$649 million wine and non-beverage business disposal to China Foods (Holdings) Limited, a unit of its state-owned parent enterprise COFCO Group.

The disposed business is primarily involved in the production and distribution of products under the “Greatwall” brand, which has interests in five China-based production plants in the China and another five wineries globally.

After the business disposal, China Foods Limited will become the only beverage-focused platform of the COFCO Group, which will help enhance China Food’s cooperation in the beverage business with The Coca-Cola Company.

The Norton Rose Fulbright team on the deal is led by Head of the Hong Kong office Psyche Tai, who was assisted by Hong Kong partner Doris Ng and associate Timothy Lam.

Norton Rose Fulbright previously also advised COFCO Group on its reverse takeover and US$501 million placement of shares to institutional investors in 2013, and has advised COFCO and its other HK-listed subsidiaries on various M&A deals since then.

For further information please contact:

Jessica Seah, Marketing and Communications Manager, Asia. Norton Rose Fulbright
Tel: +852 3405 2327

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

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Head of Hong Kong
Senior Associate