Categories
· Business (Tobacco)
non-USA, by Country
· Hong Kong
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Jump to full article: Bloomberg News, 2008-07-07
Author: Patricia Kuo
Intro: Huabao International Holdings Ltd., a Hong Kong-based fragrance provider, said it agreed to buy a company producing flavors and fragrances used in tobacco from its controlling shareholder for HK$871 million ($112 million).
...
The acquisition of Wealthy King Investments Ltd. will strengthen the company's core tobacco flavors business and help it to expand its market share in China, the world's largest tobacco market by volume, the statement said.
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