HK-listed Natural Food hits all-time high, PepsiCo to buy 26 pct stake

Natural Food International Holding

26/07/2019 03:05

** Chinese natural health products maker's shares  1837.HK 
soar as much as 37.6% to HK$2.45, hits all-time high since
listing on Dec. 12, 2018
    ** PepsiCo Inc  PEP.O  buys 25.84% of the company  
    ** Natural Food shares 2nd-most actively traded and 2nd
biggest pct gainer in early trade 
    ** Guangdong-based company says PepsiCo has agreed to buy
566.5 mln shares from its shareholders at HK$1.80/shr for
HK$1.02 bln ($130.5 mln)  urn:newsml:reuters.com:*:nFWN24Q1GB
    ** Company says deal expected to be completed on July 30
    ** As of Thursday's close, stock had risen 33.8% so far this
year
    ** The Hong Kong Hang Seng sub-index tracking consumer goods
companies  .HSCICG  slides 0.7%
    ** The Hang Seng China enterprises index  .HSCE  eases 0.8%,
and the benchmark index  .HSI  falls 0.6%
 ($1 = 7.8166 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)