HFFG - Mergers and acquisitions

LAS VEGAS, April 11, 2023 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods" or the "Company"), today announced that the Board of Directors (the "Board") has approved the adoption of a limited duration stockholder rights plan (the "Rights Plan") and declared a dividend distribution of one right ("Right") for each outstanding share of the Company's common stock to stockholders of record as of the close of business on April 24, 2023. The Board adopted the Rights Plan out of concern that parties may be engaging in undisclosed stock accumulation and group formation activities to gain control of HF Foods,

LAS VEGAS, Jan. 04, 2022 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ:HFFG), a leading food distributor to Asian restaurants across the United States ("HF Foods", "HF Group" or the "Company"), announced today it has completed the acquisition of the business operations of Great Wall Seafood Supply Inc., Great Wall Restaurant Supplier Inc. and First Mart Inc. (collectively the "Great Wall Group"). The Great Wall Group is one of the largest frozen seafood suppliers servicing the Asian/Chinese restaurant market in the nation and generates combined annual revenue of approximately $170 million pre-pandemic and about $200 million assuming revenue remains steady with its most recent quarter. S