Vitasoy halts shares trading

Vitasoy International Holdings Ltd. halted the trading of company shares as of 9:00am Friday morning. In a filing with the Hong Kong Stock Exchange, Vitasoy did not mention when trading is likely to resume. Trading will resume ‘pending the release of an announcement in relation to a discloseable transaction and inside information of the company,’ the filing reads. No further information was available. In July, the company reported a gross profit of HK$2.1 billion for the 12 months ended March 31, up 13 per cent from that of a year ago. In its 2013/14 annual report filed with the Hong Kong Stock Exchange, the company announced total assets of HK$3.2 billion, up 10 per cent from HK$2.9 billion last year. Vitasoy’s total turnover was HK$4.5 billion, an 11 per cent increase over that of 2012/13. Macau and Hong Kong – the sales of which are consolidated – account for 42 per cent of the group’s total, followed by mainland China at 34 per cent. Australia and New Zealand accounted for 11 per cent of Vitasoy’s total sales, as did North America also with 11 per cent. Singapore accounted for 2 per cent of total sales. For the full year 2014/15, the company plans to bring in ‘new meaningful innovations’ to both soy and tea. Soymilk will see new packaging, while milk tea will be introduced to expand Vitasoy’s tea offerings. The maker of soy and plant milk, tea, dairy milk and tofu products distributes goods in North America, Singapore, Australia, New Zealand, and mainland China as well as Hong Kong and Macau. S.F.