Juewei Food is providing nearly $100m for the Sichuan Chengdu Xinjin Siyiwu Investment vehicle while fellow snack food brand Qiaqia Food is supplying $9m.
China-based roasted seed and nut provider Qiaqia Food and domestic snack food producer Juewei Food have formed a RMB1.1bn ($170m) industry investment fund, DealStreetAsia has reported, citing a regulatory filing.
Sichuan Chengdu Xinjin Siyiwu Investment will be equipped with almost $100m from Juewei Food’s Wangju Capital vehicle, which will take a 58.6% share, while Qiaqia Food is set to provide $9m in return for a 5.45% stake.
The vehicle will invest in companies operating in areas like restaurant chains, snack…
