Sweet China


Sweet China started life as a cash shell that floated on Aim on 31 March 2005 - the last date that shells raising less than £3m could join the junior market. It raised £672,000 at 35p a share. The shares were suspended on 30 November 2005 when it announced the proposed acquisition of Essential Box Confectionery. Six months later the deal hadn't been completed and the shares lost their quotation. Sweet China finally completed the deal and returned to Aim in February 2007 when it paid an initial £4.35m in cash and shares - at 9p each. This could rise to a total of £6.35m. Essential Box sells confectionery under the Jessica Walker, Lings and Candycraft brands.

Sector: Food

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