Reuters
UPDATE 1-Trustar hires Citi to sell soy sauce maker Amoy -sources
Chinese private equity firm Trustar Capital has hired Citigroup to manage a sale of Hong Kong-based soy sauce maker Amoy Food Ltd, three people with knowledge of the discussions said. Established in Xiamen in Southern China's Fujian province, Amoy sells its products, which also include rice noodle rolls and congee, to both food services and retail customers across over 40 countries, its website shows. Citi is preparing to launch a formal sale late next month, one of the sources told Reuters, adding that the valuation of the 115-year-old soy sauce brand is still being discussed.
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