Trustar Is Said to Weigh Sale of Hong Kong Soy Sauce Brand Amoy

Trustar Capital is considering selling Amoy Food Ltd., the 115-year-old Hong Kong soy sauce maker, according to people familiar with the matter.

The private equity firm formerly known as Citic Capital Partners has held initial discussions with potential advisers about the divestment, said the people, who asked not to be identified as the information is private. Trustar is seeking a valuation of about $300 million for Amoy, the people said.

Amoy soy sauce.

Photographer: Antony Dickson/South China Morning Post/Getty Images

Deliberations are at an early stage and Trustar could decide to keep the asset for longer, the people said. A representative for Trustar declined to comment.

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