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Nissin Foods Reports Modest Profit Decline Amidst Stable Performance
Nissin Foods Forms Joint Venture in Australia
nissin foods (01475) announced performance for the first 9 months, with a net profit attributable to owners of approximately 0.251 billion Hong Kong dollars, a decrease of 7.08% year-on-year.
nissin foods (01475) announced its performance for the first 9 months of 2024, with revenue of approximately 2.862 billion Hong Kong dollars, a year-on-year...
nissin foods (01475.HK) allocates 5.23 million yuan to set up a joint venture with nissin asia in australia.
Nissin Foods (01475.HK) announced that on November 11th (today), it entered into a joint venture agreement with Nissin Asia. The joint venture company will be located in New South Wales, australia, with the company and Nissin Asia owning 51% and 49% respectively. The company will inject approximately 5.2326 million yuan in cash into the joint venture company's capital, to be funded by internal group resources. The joint venture company will become a non-wholly-owned subsidiary of the company, and its performance will be consolidated into the group's financial statements. The joint venture company will be mainly engaged in the import and sale of instant noodles, snacks, cereal flakes, and other foods in australia and New Zealand.
Nissin Foods (01475.HK) and Nissin Asia have established a joint venture company with a planned cash injection of 5.2326 million Hong Kong dollars.
KreuzStockpile November 11th | Nissin Foods (01475.HK) announced that on November 11, 2024, the company entered into a joint venture agreement with Nissin Asia, concerning the establishment of a joint venture company. The joint venture company will be located in New South Wales, australia, with the company and Nissin Asia holding 51% and 49% respectively. The company will inject 1.02 million australian dollars in cash (equivalent to about 5.2326 million Hong Kong dollars) into the joint venture company's capital, to be funded by internal resources of the group. The joint venture company will become a non-wholly-owned subsidiary of the company, and its performance will be consolidated into the group's financial statements. Currently, the group distributes through third-party distributors.
Nissin Foods Announces Share Buyback to Boost Value
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