Dali Foods Group Explained

Dali Foods Group should not be confused with Dali Everyday Grocery.

Dali Foods Group Co., Ltd.
Native Name:	达利食品集团有限公司
Native Name Lang:	zh
Type:	Privately held company
Founded:	1989
Founder:	Xu Shihui
Hq Location:	Hui'an County, Quanzhou, Fujian, China.
Area Served:	China
Key People:	Xu Shihui
Industry:	Food
Products:	Copico chips

Dali Foods Group is a baked goods company in China. Its headquarters are in Hui'an County, Quanzhou, Fujian, China.^{[1] [2]}

Dali Foods is known for its low-cost snacks which are sold by more than 6,500 distributors across the country. Their best known brands are its Copico potato chips (Chinese: 可比克; Kěbǐkè), Heqizheng herbal tea and Haochidian soda crackers.

History

The company was founded by Xu Shisui in 1989 in Quanzhou.^[3]

In 2004 it began construction of a biscuit processing plant in Changchun, Jilin Province. The total budget for construction of the factory was 19 million euros, with the first phase of the project accounting for 11 million euros and the second phase, consisting of eight production lines, accounting for the remainder.^[4]

In 2015, the company raised $1.15 billion from a public float in its initial public offering on the Hong Kong Stock Exchange.^[5] It was the largest offering by any Chinese privately owned enterprise in 2015.^[6]

In the 2022, the company launched a new soy milk brand called Plant Organic to improve its market positioning.

In June 2023, its chairman Xu Shisui announced his privatization plan for the company. In August 2023, shareholders approved the privatization of the $6.5 billion company. Xu offered to take the company private at HK$3.75 a share, which was a 38% premium.^[7]

Notes and References

1. https://archive.today/20140301122644/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=48972953 Company Overview of Fujian Dali Foods Group Co., Ltd.
2. http://www.dali-group.com/contact.asp 联系我们 (About us)
3. https://archive.today/20140301122623/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37124597 Company Overview of Fujian Dali Group Co., Ltd.
4. http://www.bakeryandsnacks.com/Technology/Filling-Packaging-Equipment-Systems/Fujian-Dali-Food-builds-new-China-biscuit-facility Fujian Dali Food builds new China biscuit facility
5. Web site: Dali Foods to raise $1.34b from public float in Hong Kong - Business - Chinadaily.com.cn. 2020-12-14. www.chinadaily.com.cn. 2020-11-29. https://web.archive.org/web/20201129085345/http://www.chinadaily.com.cn/business/2015-11/12/content_22438244.htm. live.
6. Web site: Wu . Kane . Dali Foods Raises $1.15 Billion in Hong Kong IPO . The Wall Street Journal . 2024-01-30 . 2017-08-02 . https://web.archive.org/web/20170802090129/https://www.wsj.com/articles/dali-foods-raises-1-15-billion-in-hong-kong-ipo-1447636775 . live .
7. Web site: Wang . Yue . Chinese Snack-And-Beverage Giant Dali Foods To Delist From Hong Kong After Prolonged Share Price Slump . 2024-01-30 . Forbes . en . 2024-01-30 . https://web.archive.org/web/20240130144854/https://rtgcloudsql.2trk.info/rtgban?bannerparam=size=728::cmpId=64197::bmpclickURL=https://adclick.g.doubleclick.net/aclk%3Fsa%3DL%26ai%3DCs9RYVQy5ZY60KoiNuvQPkJ-2oAXS3-GBc-OVi5L0EcCNtwEQASAAYKECggEXY2EtcHViLTQxMTE3NjM0NDgyMjA4NzPIAQmoAwHIAwKqBPoCT9ChgEkHn9DJ09FDblim6_2hus9m_Xeh8HYbSngpoOMvHyVgjzKImT0baSZuLbr5ZP5Mre1E9ADeXinaPkrLfh7wnRtHVQyM5r3CST6lCSwdy-23XJ8yiGlpqHSpIXNRV8EsZllyj_LmmGYpl6p_4RET4bFkGvKZwkAG51Af0FlU3iPFxDeoSGFGxZ25rR2WOoDnewkEWaofGEgyozqjJsrzvgxa7nrnk80ykibqCFjlowu5G9bQddB6X2UAaefqKV3pfc9Sly86m-Fd9ullde0jcMMwcMfw56f1CMEI3Io5p1RiijVBLUCk40TGuPtI99wnZuamEEOuNYfXLtPbon0Mpa7YBPcPzeaEkKnw_IFymIt5EgrX7TAJJnaaqNTgsHhe-uQE0oKgPeGzLbAAZ-LcNdkStEUzE7dgOZ8Lm9XrqVAWOn4VIO3Z6vk1xGcErTpPBGy3yzggpRPMT-GFrTKh3hBo4o-pCuTSLzNPLO34PySUiD4q6W9XgAa04eiagfSa9yKgBiGoB6a-G6gHltgbqAeqm7ECqAeDrbECqAf_nrECqAffn7EC2AcA0ggdCIBhEAEyAooCOgSAQIBASL39wTpYxpra462FhAP6CwIIAYAMAdAVAYAXAQ%26num%3D1%26sig%3DAOD64_1_SPC3bNHinzEhzLYwBgvd3iv5Gg%26client%3Dca-pub-4111763448220873%26adurl%3Dhttps%3A%2F%2Fban.2trk.info%2Fclick%3FrequiredParams%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%253Bdurl155%3D::scm0=bid_~CM.64197~SZ.728~TS.pdx~dv.3~BI.152655786425~DI.~ST.25_::exch=pdx::bS=ce3c1d19-2a2c-4e17-87e5-64f239ba9adc::bamt=ZbkMVQAKmg4IjoaIAA2PkCHkx0wEni1z9s2ohw::ppid=::btm=1706626133815::mid=CAESEGWiH7AqUt3Q2zAP55pv5JE::cl=::geo=USA::ref0=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fywang%2F2023%2F08%2F24%2Fchinese-snack-and-beverage-giant-dali-foods-to-delist-from-hong-kong-after-prolonged-share-price-slump::pageID=126570279::dT=OA::mode=ifrme::devid=3::r1=100::label=default::as=4::winprice=ZbkMVQAKmg4IjoaIAA2PkCHkx0wEni1z9s2ohw::bt=1::ul15= . live .