3i Invests Futaste for Future Global Expansion
lssue date: 2008.01.10
The global leader of private placement & financial investment “3i” announces its new investment on Futaste pharmaceutical company, and to be a small share-holder of Futaste. 3i does not announce its detailed investment amount.
Futaste established in 1993 in Yucheng city Shandong province, and is a leading Xylitol manufacturer of the world. As the industry leader and pioneer, Futaste has a lot of international clients including many famous global confectionery brands.
The chief Shanghai representative of 3i Mr. Xu Xiaofeng says, “Futaste is the leader of sugar alcohol industry which is under fast developing period, and it has a vast global market space. We hope the combination of 3i’s global network & experiences and Futaste’s powerful team, together to achieve Futaste’s splendid future development.” 3i will support Futaste on its global business expansion and power enhancement of the management team & directorate by both financial side and others, to well stabilize Futaste’s industry leading position in the world.
Futaste board chairman and general manager Mr. Wang Xingyun says, Futaste warmly welcomes the 3i investment and highly expects for the future cooperation and communication, and he believes 3i will surely bring more new development opportunities to Futaste.
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