Indofood Sukses Makmur (INDF), Indonesia's largest food processing company and - reportedly - the world's largest producer of instant noodles, plans to sell a 52.94 percent stake in China Minzhong Food Corporation Limited (CMFC), a Singapore-listed Chinese integrated vegetable processing firm. Indofood will sell 347 million shares at a price of Sin$ 1.2 per share, hence the sale will have a total value of Sin$ 416.4 million (IDR 3.9 trillion, or USD $313 million). A potential buyer is China Minzhong Holdings Ltd.

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Indofood Sukses Makmur, one of Indonesia's largest food manufacturing companies, is optimistic that its corporate earnings will improve in the remainder of 2017 on the back of expansion plans as well as the optimization of both its performance and efficiency. In the first half of 2017 Indofood Sukses Makmur's sales rose by a modest 4.6 percent year-on-year to IDR 35.7 (approx. USD $2.7 billion).

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