Hain And YHS In International-Expansion Driven Share Swap

April 2007 | Company Finance Alert

Singaporean natural food and beverage manufacturer Yeo Hiap Seng (YHS) has strengthened its relationship with US organic major Hain Celestial in a share swap deal worth an estimated US$6mn. The deal, which includes options for both companies further to increase their shareholding in one another, is primarily a means for both to develop their international distribution capabilities cost-effectively. However, joint acquisitions and joint product development initiatives could also be on the cards, suggesting that the tie-in could eventually lead to the creation of a global natural foods

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