Nestle announced on 11 July 2011 that it bought a majority stake in candy maker Hsu Fu Chi for 1.7 billion US dollars. The Swiss manufacturer of Nescafe coffee, KitKat bars and Dreyer's ice cream, said it would acquire 60 per cent of shares in Singapore-listed Hsu Fu Chi.
Nestle is world’s biggest food and drink company. Hsu Fu Chi sells candies, cakes and pastries. It was started in 1992.
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