China’s Vegetarian Population Said to Top 50 Million

Motivated by wildlife protection campaigns and Buddha’s teachings, more than 50 million Chinese defied deep-rooted tradition of meat eating and turned vegetarians, making the Communist nation one of the fast emerging countries with vegan population. Although there are no official statistics about China’s vegetarian population, Public Radio International, an independent non-profit multi-media organization, reported in

Indonesia’s Largest Noodle Maker Looks to Increase its Share of China Minzhong Amid Allegations of a Misleading Report by a U.S.-based Short Seller

Indonesia’s PT Indofood Sukses Makmur Tbk has launched an offer for Singapore-listed China Minzhong at S$1.12 per share, valuing the company at around S$734 million. In a filing with the Singapore Exchange, Indofood said it now owns, controls or has agreed to acquire around 33.49 per cent of Minzhong. This comes after the company agreed

One of China’s Largest Greenhouse Vegetable Producers Receives Offer to Go Private

Le Gaga Holdings Ltd., one of the largest greenhouse vegetable producers in China, said its board received a “go private” offer from a group including both its chairman and its chief executive, valuing the company at about $184 million…Full text article: Fresh Plaza May 2013 Key point According to the company’s press release, Le Gaga

Indonesian Food Company Increase its Stake in Chinese Vegetable Processor

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

Indonesian Food Company Acquires Stake in Chinese Vegetable Processor

PT Indofood Sukses Makmur Tbk [leading Indonesian food company] has agreed to acquire 14.9% stake in China Minzhong Food Corporation Limited (CMFC), a China-based fresh vegetable processor. Under an agreement signed by both companies, CMFC would issue 98 million new shares, of which 14.95% would be acquired by Indofood. At an average price of US$1.0159