Chinese Snack Brand Bestore Seeks to Bring in Wuhan State Capital as Controlling Shareholder, but Faces Objections from Guangzhou SOE - YT FINANCE
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Chinese Snack Brand Bestore Seeks to Bring in Wuhan State Capital as Controlling Shareholder, but Faces Objections from Guangzhou SOE - YT FINANCE
Chinese leading snack brand Bestore is bringing in Wuhan state capital as its new controlling shareholder to ease financial strain and revive growth, but a lawsuit from Guangzhou Light Industry over a failed equity deal casts uncertainty on the takeover.
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