date:Sep 03, 2013
at S$1.12 per share, which kicked off a mandatory offer for the remaining shares at the same price. The agreement to buy the shares it does not own would cost Indofood $382 million.
The deal comes after Minzhong's stock market value plunged to $273 million last week following a 49-page report by California-based Glaucus Research on accounting issues at the company. Minzhong has rejected any irregularities.
In a similar move last year, Singapore state investor Temasek Holdings Pte Ltd raised i