Date
18 October 2017

Uni-President eyes expansion in second-tier cities, paper says

Uni-President China Holdings Ltd. (00220.HK), a subsidiary of Taiwanese food and beverage giant Uni-President Enterprises Corp., will steadily increase its investments in the mainland this year and next, with plans to expand in second-tier cities, Economic Daily News reported Tuesday. The company will increase its production bases to 40 this year and 50 next year, Uni-President Enterprises chairman Alex Lo, was quoted as saying. It expects more than 10 percent growth this year, driven by China’s increased urbanization and rising per capita consumption, the report said.

– Contact HKEJ at digest@ejinsight.com

TL/AC/RA

 

EJI Weekly Newsletter

Please click here to unsubscribe