Leong Hup acquires Baker’s Cottage in total

June 8, 2020

Malaysia’s Leong Hup International Bhd (LHI) has acquired the entire equity interest in food manufacturer and distributor The Baker’s Cottage for USD 4.2 million. Its wholly-owned subsidiary Leong Hup (M) S/B bought the 43.43 million shares from Emerging Glory,owned by LHI Executive Chairman Lau Chia Nguang, his brothers and their nephews who also sit on LHI’s board. “This allows LHI to own the Bakers Cottage brand and integrate vertically downward to capture incremental value added from its poultry-related product sales and provide margin stability in times of live broilers supply-demand imbalance,” LHI stated.