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Indofood acquires majority stake in China Minzhong Food
date:Sep 09, 2013
Indonesia's Indofood Sukses Makmur (Indofood) has increased its stake in Singapore-listed vegetable processor China Minzhong Food (CMFC) to more than 50%, through direct market purchases.

Earlier this week, Indofood launched a mandatory cash offer for CMFC at a price of S$1.12 per share, that valued the company at S$734m ($575m).

Prior to this offer, Indofood controlled approximately 33.49% stake in CMFC after having agreed to acquire 25.59 million shares CMFC on 2 September 2013, which repres

12/21 08:45