Shanghai listed Fujian Anjoy Foods Co., Ltd. acquired 57.5% stake in Oriental Food Express Limited (OFE) from DAKUN (DANIEL) WANG on March 26, 2021.
Fujian Anjoy Foods will now hold a 69.9% stake in OFE
London law firm Howard Kennedy has acted for DAKUN (DANIEL) WANG on the sale of a 57.5% stake in Oriental Food Express Limited(OFE) to Shanghai listed Fujian Anjoy Foods Co., Ltd. Through its brand, Kung Fu Food, OFE is the UK’s leading manufacturer of traditional Chinese Dumplings, Siu Loong Buns and Dim Sum. As well as making their own products, it has introduced premium East Asian food brands to the UK and Europe through a distribution network that covers 27 countries.
Based on its long-term development plan, Fujian Anjoy Foods Co, Ltd will continue to promote the expansion of its overseas business, further enhance OFE’s brand recognition, and enhance its international standing.
Daniel thanked Howard Kennedy for its work on the transaction and said “We couldn’t get success without your professional and hardy support.”
Anthony Hunt, partner at Howard Kennedy who led the deal, said: “We were delighted to act for Mr Wang on this transaction and were particularly glad that the clients on both sides were so happy with the outcome. We look forward to a continued relationship to support OFE on the next stage of its expansion.”
Throughout the acquisition, Anthony was supported by James Boulton and Emily Malster on corporate, Chiara Muston and Nick Treppass on employment and Kainan Liu, our Chinese Client Relationship Advisor. Tian Yuan in China (led by partner Xiulan Hua) and Gunner Cooke in London (Michelle Chen & Michael Wong) acted for Fujian.