YanKer Shop Food Co Ltd (盐津铺子 or Yanjin Puzi), which makes Chinese traditional flavour snack foods, announced that it has invested its own funds to establish a wholly-owned subsidiary in Vietnam, Yanjin Food Vietnam Co., Ltd., to support the company’s overseas business development strategy.
The company has completed the registration procedures for the establishment of this wholly-owned subsidiary and has obtained the Business License issued by the Ho Chi Minh City Department of Planning and Investment.
Konjac products accounted for 12.61% of YanKer Shop’s first-half 2024 revenue, meat-based products at 8.49% and bean-based products at 6.76%.
YanKer Shop is likely to focus on konjac products for the overseas exansion, according to a research report. The controlling shareholder has existing konjac flour operations in Southeast Asia. The initial plan is to enter the Thai market in 2025, leveraging the relatively low barriers to cross-border sales within Southeast Asia.
