date:Feb 18, 2013
Indofood will buy 98 million shares of Singapore-listed Minzhong Food for S$89.67 million ($72.45 million) through right issuance. The share price transaction was at 9.9 percent discount to Thursday's closing price.
Looking at the company more detail, MINZ is a prominent player in the vegetable process industry in China integrated from up to downstream. MINZ has a various range of product portfolio from processed to fresh vegetables distributed for both domestic and export, Jakarta-based Mandir