July 12, 2011

 

Guolian Aquatic to purchase Sunnyvale Seafood

 

 

Zhanjiang Guolian Aquatic Products (300094) filed its intentions to buy over Sunnyvale Seafood, a seafood wholesaler located in San Jose, California, according to the media.

 

The move aims to expand the company's international market. Guolian already derives the majority of its sales from seafood exports to the US and also produces fish feed.

 

Sunnyvale Seafood was founded in 2005 and is engaged in the wholesale of frozen seafood and meats. The source said it is worth between US$4-8 million dollars.

 

Guolian plans to acquire a 70% stake in the target.

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