China Foods sells confections business

摘要

China Foods has announced the sale of its confectionery business, Chocolate China, to Tops Properties for US$93 million. The sale includes the Le Conte chocolate brand. As the sole production arm for China Foods' confectionery business, La Conte Food includes two core brands, Le Conte and Merveille. Cofco is the controlling shareholder of China Foods; Tops Properties is a wholly owned subsidiary of Cofco Property and it is 45.67 percent owned by Cofco.