Lunar Capital acquires majority stake in China's Guizhou Yonghong
Lunar Capital Management has acquired a majority stake in Chinese snack food company Guizhou Yonghong, for an undisclosed sum. The company produces and distributes processed beef products under the brand of Niutou, which means Bullhead.
According to a release, Lunar Capital, which normally focuses on control deals in China's consumer sector, will take over management of the business and will work with Yonghong's three founders: Tang Kelin,...
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