Nestle buys majority stake in China candy firm Hsu Fu Chi

(ChinaPost.com.tw) – Nestle SA, the world’s biggest food and drink company, took a big step into the Chinese market Monday with the announcement that it is to buy a majority stake in candy maker Hsu Fu Chi for SG$2.1 billion (US$1.7 billion; 1.4 billion Swiss francs).

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