Nisun International Acquires Minority Stake in Nanjing Pin Bai Sheng
November 11, 2024
Nisun International Enterprise Development Group (Nasdaq: NISN) acquired a minority stake in Nanjing Pin Bai Sheng Catering Management Co., Ltd., a leading KFC franchisee and campus catering operator. The investment aims to expand Nisun's presence in China’s campus catering market and leverage supply-chain and digitalization synergies to scale operations across universities, government and corporate sites.
- Buyers
- Nisun International Enterprise Development Group Co., Ltd.
- Targets
- Nanjing Pin Bai Sheng Catering Management Co., Ltd.
- Industry
- Food & Beverage
- Location
- Jiangsu, China
- Transaction Type
- Growth capital
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