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Iron Horse Acquisitions Corp. (NASDAQ: IROH) has entered into a definitive business combination agreement with Rosey Sea Holdings , the parent company of Zhong Guo Liang Tou Group (d/b/a China Food Investment). Upon completion, CFI will become a wholly-owned subsidiary of Iron Horse, which plans to change its name to China Food Investment. The combined company will have an estimated post-transaction enterprise value of $523 million.
CFI focuses on producing and selling health and agricultural biotechnology food products through subsidiaries in Hong Kong, PRC, and Mainland China. The company aims to become a leading online-offline health foods sales group in Asia and internationally. The transaction is expected to close in the first quarter of 2025, subject to closing conditions and regulatory approvals.
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