China Food Company (formerly Vestpa) PLC, in a £25.2million reverse takeover deal to acquire Full Fortune Holdings Pte Ltd

Client

Vestpa PLC (renamed China Food Company Plc)

Date

December 2007
On December 10th 2007, AIM listed Vestpa PLC completed a £25.2 million acquisition of Full Fortune Holdings Pte Ltd (Full Fortune). The acquisition constituted a reverse takeover under the AIM Rules for Companies. Full Fortune is an investment holding company registered in Singapore with three trading subsidiaries registered in the Peoples Republic of China (PRC). The principal activity of the enlarged group is the manufacture and sale of consumer condiments and animal feeds under the Fu-Rich, Fuss Feed and Fuss Biotech brands. The groups' operations are located at facilities in Shou Guang City and Weifang City in the PRC's central Shandong province. Vestpa has now changed its name to China Food Company PLC.

June Paddock with the assistance of Peter Rhodes, Azlinda Ariffin, Leonardo Neves, Daniel Joll and Yasmina Hadded of Fasken Martineau Stringer Saul LLP advised Vestpa PLC on the acquisition of Full Fortune and its readmission to AIM.