China Food Company


China Food Company was formed when Full Fortune reversed into Vestpa on 10 December 2007 in a cash and shares deal that valued the acquisition at £25.2m. Vestpa was a shell floated by Aim-quoted Albany Capital, which retains a 20% stake in the company. Vestpa joined Aim on 12 July 2007, when it raised £3.02m net at 1p a share. A one-for-40 share consolidation was undertaken at the time of the reversal. At the same time China Food raised £5m gross (£4.1m net) at 30p a share in order to help fund the cash element of the purchase price. China Food supplies condiments including soya sauce, vinegar and bean paste. It also operates a business supplying animal feeds.

Sector: Food

News blog

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds