China Minzhong Food Corporation, an integrated vegetable processing company based in China, released its third quarter results on Tuesday. Market watchers will remember that China Minzhong was embroiled in controversy over short-seller Glaucus Research Group’s acquisitions last August that the vegetable processor had been engaged in financial impropriety…Full Article: Fresh Plaza Apr 2014

Key point

  • China Minzhong has launched industrial level mushroom cultivation in Tianjin and Jiangsu province

ChinaAg Comments

  • On 17 February 2013, Indofood (Indonesia’s largest food company) acquired a 14.95% stake in CMFC for $89 million. In March 2013, an investment of $85 million increases Indofood’s stake to 29.33%. In September 2013, Indofood increased its share in China Minzhong to 33.49%.
  • Established in 1971 and headquartered in Fujian Province, the Singapore-listed China Minzhong Food Corporation is a leading Chinese integrated vegetable and fruit processor. The company produces over 100 types of processed vegetables that are processed using methods such as air drying, freeze-drying, fresh-packing and brining. These include mushrooms, peppers, chives, garlic, tomatoes, celery, apples, bean sprouts, parsley, strawberries and more.

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