Beston Global Food reveals "proposal" from Nongshim
By Katy Askew | 22 July 2016
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BFC in takes to expand in Korea
Australia's Beston Global Food Co (BFC) revealed it has received a "proposal" from Taekyung Food & Processing ('TFP'), a wholly owned subsidiary of South Korean company Nongshim Group.
BFC said that it has been approached by Taekyung in relation to "forming a strategic alliance" to supply BFC products into the Korean market. "The proposal is general in nature and does not set out any specific arrangements at this point," BFC said.
"BFC will consider the proposal and have further discussions with TFP as part of BFC's strategy to broaden its distribution networks in global food markets."
BFC has been expanding in Asian markets through tie-ups with local firms.
In June, the group entered into a strategic partnership with JM WOWO, a Chinese catering and foodservice e-commerce platform. While in April
BFC said it will team up with Chinese meat processor
Yes...most of partnerships did not mention any revenues as I think BFC is being conservative. However, once the report out, it will clear everything up n all instos will line up to get in. For company just IPO less than a year, I think they have done marvellously in strategic partnership. Do your research, trust it and plz don't put your house in..only invest with the money that u can afford to lose in stock market...don't be greedy..enjoy the future dividend..better off than a bank interest.
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