12 Jul 2011

Merger may affect NZ-based fund

7:49 am on 12 July 2011

A merger of two global confectionary giants may affect the value of a New Zealand-based investment fund.

The world's largest food company, Nestle, has agreed to acquire 60% of confectionary company Hsu Fi Chi International for $SG4.35 a share.

Marlin Global says that will have an affect on its net asset value as Hsu Fu Chi is a 1% holding in its portfolio.

Marlin Global's next asset value is to be released on Thursday.