Shareholders of Honworld Group Limited (SEHK:2226) are exploring a sale of Honworld Group, which sells products under the “Lao Heng He” brand, people with knowledge of the matter said. Owners are working with an adviser on a possible sale of more than 49% of Honworld Group, said the people, who asked not to be identified because the information is private. The adviser reached out to potential buyers including China’s Foshan Haitian Flavouring & Food Co. and Hong Kong’s Lee Kum Kee Co., the people said. Deliberations are at an early stage, and the shareholders of Huzhou-based firm could still decide against a sale, the people said. A representative at Lee Kum Kee didn’t respond to requests for comment, while a representative for Haitian had no immediate comment.