Bayn Europe is setting up a subsidiary in China for sugar reduction

摘要

Bayn Europe AB has signed a joint venture agreement with real estate development company HuaHe International Asset Management Ltd. to introduce sugar reduction to the China market. Both partners agreed on a cooperation model and mutual commitments for the set up of joint venture. Bayn will hold 65% of equity and HuaHe will hold 55%. Further to rolling up a sugar reduced concept store under Bayn Europe's trademark takk!, Bayn China have ongoing discussions regarding a sugar reduced industry park with Chinese government stakeholders.