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Latest HFFG News From Around the Web
Below are the latest news stories about HF Foods Group Inc that investors may wish to consider to help them evaluate HFFG as an investment opportunity.
HF Foods Group Announces the Resignation of Mr. Zhou Min Ni as Co-Chief Executive Officer and Chairman of the Board of Directors and the Appointment of Russell T. Libby as Chairman of the Board of Directors
CITY OF INDUSTRY, Calif., Feb. 25, 2021 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian/Chinese restaurants across the Southeast, Pacific and Mountain West regions of the United States (“HF Group” or the “Company”), announces the voluntary resignation of Mr. Zhou Min Ni as Co-CEO, board member and chairman of the board of directors of the Company effective February 23, 2021. The current Co-CEO, Mr. Peter Zhang, will become sole CEO and assume full executive responsibility of the Company’s day-to-day operations with immediate effect. The board of directors has also unanimously appointed Mr. Russell T. Libby as the new chairman of the board of directors with immediate effect. Mr. Libby, a well-respected industry veteran, has nearly 30 years of c...
HF Foods Group Inc. (HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, has secured a lower fixed interest rate on $80 million of its floating rate debt with J.P. Morgan Chase, potentially reducing the Company’s anticipated interest expense in the coming years. On June 24, 2020, HF Foods Group entered into an interest rate swap (“IRS”) contract for the notional amount of $80 million with its current lender, J.P. Morgan Chase.