Fresh2 Group Ltd. a B2B e-commerce and supply chain management company within the restaurant and food industry, has recently announced the signing of a definitive Stock Purchase Agreement (SPA) through its subsidiary Fresh2 Technology Inc., for the acquisition of Youfood Group Inc. Youfood Group is a business-to-customer cross-border e-commerce food platform, which will connect Asian and South American food resources with customers in North America. The acquisition is expected to enhance access to a new customer base.
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According to the terms of the SPA, Fresh2 Group has agreed to acquire 100% of the issued and outstanding shares in Youfood Group in exchange for 38,333,334 newly issued shares of Fresh2 Class A common stock.
Haohan Xu, CEO of Fresh2 Group stated – “We are committed to sustainable development in the food service industry and to continuously bring diverse high-quality food products to North American consumers. This acquisition provides us with an excellent opportunity to integrate and enhance our capabilities, thereby improving performance and expanding our food supply chain ecosystem.”
About Fresh2 Group Limited
Fresh2 Group Limited is engaged in the business-to-business e-commerce and supply chain sectors. Committed to helping restaurants lower procurement costs and improve efficiency, Fresh2 utilizes an advanced supply chain management system. By applying strategic digital technologies and innovative business models, Fresh2 is driving the online transformation of the restaurant supply industry. Fresh2 aims to refine restaurant operations, adding significant value to the food industry, and building a global network of restaurateurs in the digital age.