Samyang Food Shanghai Co., Ltd. announced that it expects to receive CNY 9 million in funding from Samyang Foods Co., Ltd.
August 26, 2021
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Samyang Food Shanghai Co., Ltd. announced that it will receive CNY 9,000,000 in an equity round of funding on August 27, 2021. The transaction will include participation from returning investor, Samyang Foods Co., Ltd. The investor will hold 100% stake in the company post closing of the transaction. The transaction is expected to close on November 30, 2021. The transaction has been approved by the board of directors of the company.
SAMYANG FOODS CO., LTD. is a Korea-based company engaged in the manufacture and marketing of food products. The Company mainly produces instant noodles, including packet noodles, cup noodles and bowl noodles. There are various flavors of its noodles, such as beef, chicken, pork, shrimp, mushroom, hot and others. It also provides snacks, such as corn snacks and corn chips, as well as dairy products, soy sauce and soybean paste. In addition, through its subsidiary, the Company provides cardboards, which are used for the manufacture of boxes. The Company distributes its food products within domestic market and to overseas markets.
SAMYANG FOODS CO., LTD. 
