date:Sep 03, 2013
Indonesia's Indofood, one of the world's biggest instant noodle makers, has launched a takeover offer for China Minzhong that values the food producer at S$734 million ($575 million), just days after an attack by a short-seller eroded almost half of the Chinese firm's market value.
Indofood Sukses Makmur Tbk PT (INDF.JK), the top shareholder in Singapore-listed China Minzhong Food Corp Ltd (CMFC.SI), said it had increased its stake to 33.49 percent after buying additional shares from the market