Indofood Sukses Makmur, part of the Salim Group, has upped its stake in China Minzhong Food Corporation, China’s leading integrated vegetable processor, via a Sg$105 million (US$85 million) share purchase. “The share purchase was done through the Singapore Exchange,” said Werianty Setiawan, a director at Indofood, in a press statement on Friday [March 1, 2013]…Full-text article: Jakarta Globe Mar 2013

Key Point

  • On 17 February 2013, Indofood acquired a 14.95% stake in CMFC for $89 million. With the March 2013 investment of $85 million, Indofood’s stake increased to 29.33%.

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