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Dali Foods Group is a baked goods company in China. Its headquarters are in Hui'an County, Quanzhou, Fujian, China.

Dali Foods is known for its low-cost snacks which are sold by more than 6,500 distributors across the country. Their best known brands are its Copico potato chips (可比克; Kěbǐkè), Heqizheng herbal tea and Haochidian soda crackers.

History

The company was founded by Xu Shisui in 1989 in Quanzhou.

In 2004 it began construction of a biscuit processing plant in Changchun, Jilin Province. The total budget for construction of the factory was 19 million euros, with the first phase of the project accounting for 11 million euros and the second phase, consisting of eight production lines, accounting for the remainder.

In 2015, the company raised $1.15 billion from a public float in its initial public offering on the Hong Kong Stock Exchange. It was the largest offering by any Chinese privately owned enterprise in 2015.

In the 2022, the company launched a new soy milk brand called Plant Organic to improve its market positioning.

In June 2023, its chairman Xu Shisui announced his privatization plan for the company. In August 2023, shareholders approved the privatization of the $6.5 billion company. Xu offered to take the company private at HK$3.75 a share, which was a 38% premium.

References

1. Company Overview of Fujian Dali Foods Group Co., Ltd. Businessweek. Retrieved on March 1, 2014. Linkou Hui'an County Quanzhou, 362100 China
2. 联系我们 (About us) Archived 2014-03-18 at the Wayback Machine." Dali Group. Retrieved on March 1, 2014. 福建达利食品集团有限公司 地址：中国福建省惠安林口 (Fujian Dali Products Group Ltd: Linkou, Hui'an, Fujian)
3. Company Overview of Fujian Dali Group Co., Ltd. Businessweek. Retrieved on March 1, 2014.
4. Fujian Dali Food builds new China biscuit facility. Bakery and Snacks. William Reed Business Media SAS. 16 June 2004. Retrieved on 1 March 2014.
5. "Dali Foods to raise $1.34b from public float in Hong Kong - Business - Chinadaily.com.cn". www.chinadaily.com.cn. Archived from the original on 2020-11-29. Retrieved 2020-12-14.
6. Wu, Kane. "Dali Foods Raises $1.15 Billion in Hong Kong IPO". The Wall Street Journal. Archived from the original on 2017-08-02. Retrieved 2024-01-30.
7. Wang, Yue. "Chinese Snack-And-Beverage Giant Dali Foods To Delist From Hong Kong After Prolonged Share Price Slump". Forbes. Archived from the original on 2024-01-30. Retrieved 2024-01-30.

External links

• Official website (in Chinese)

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