China Food Company PLC Senior Management Appointment (6475K)
01 August 2013 - 8:02AM
UK Regulatory
TIDMCFC
RNS Number : 6475K
China Food Company PLC
01 August 2013
Press Release 1 August 2013
China Food Company Plc
("China Food", the "Company" or the "Group")
Senior Management Appointment
China Food Company Plc (AIM:CFC), the leading Chinese
manufacturer of cooking and dipping sauces, is pleased to announce
that it has made a key appointment to further strengthen the
management of the Company. China Food has appointed a Chief
Financial Officer at the senior management level, with immediate
effect.
Ricky Mak King Pui, who has been appointed Chief Financial
Officer, has significant international experience in working with
listed companies. Ricky, who is a Hong Kong CPA, a FCCA, bilingual
and based in China, will provide considerable expertise and support
to the existing management team. This follows the appointment of
Daniel Saw as Non-Executive Director on 31 July 2013, further
strengthening the team and bringing additional skills to the
Company.
John McLean, Chairman of China Food, said: "The Board is pleased
to welcome Ricky to the management team in the role of Chief
Financial Officer. This appointment, as well as that of Daniel Saw,
marks an important step in enhancing the skills of the Board and
management team. We look forward to working with Ricky and Daniel
to further drive the business forward."
- Ends -
For further information:
China Food Company Plc
John McLean, Chairman Tel: +44 (0) 7768 031
454
www.chinafoodcompany.com
Numis
David Poutney - Head of Corporate Tel: +44 (0) 20 7260
Broking 1000
finnCap (Nomad)
Geoff Nash / Ben Thompson (Corporate Tel: +44 (0) 20 7220
Finance) 0500
Simon Starr (Broking)
Media enquiries:
Abchurch Communications
Henry Harrison-Topham / Joanne Tel: +44 (0) 20 7398 7709
Shears
joanne.shears@abchurch-group.com www.abchurch-group.com
Notes to Editors:
China Food is a well-established food manufacturing business
based in Shandong province in the People's Republic of China, a
region with a population of circa 94 million. A recent report
identified Shandong province as one of the five most attractive
'city clusters' in China, due to the high number of large cities in
the province*. The Group manufactures numerous different product
lines including soya sauce and bean paste, all targeting the
Chinese domestic market, and sold through a network of distributors
and outlets of supermarket chains in the north-eastern region of
the PRC, such as Walmart, Carrefour and Jialejia.
The Chinese sauces, dressings and condiments market is expected
to be worth CNY115 billion (US$15 billion) by 2013, driven by
Chinese population growth and economic prosperity. The Chinese
domestic market is rapidly expanding, and the Group is well
positioned to benefit from China's demographic growth and increased
urbanisation.
The Group's operations are highly scalable and able to support
further growth, and with net assets of GBP32 million (as at 31
December 2012), the prospects for China Food are strong. Further
information on China Food Company can be found at
www.chinafoodcompany.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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