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Latest Reports Minzhong Food Corporation Limited

  • Indofood Reports 10 Percent Growth in Net Sales Due to Domestic Consumption

    Indofood Sukses Makmur (Indofood), Indonesia's largest food processing company and the world's largest producer of instant noodles, posted net sales of IDR 50.06 trillion (US $5.1 billion) over 2012, a 10.4 percent increase compared to 2011. Its Consumer Branded Products Group (CBP) continued to be the largest contributor to its net sales, contributing around 43 percent, followed by Bogasari (25 percent), Agribusiness (24 percent) and Distribution (8 percent).

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  • Indofood Sukses Makmur Purchases Stake in Minzhong Food Corporation Limited

    Indofood Sukses Makmur is reported to purchase 14.95 percent of the issuance of 98 million new shares of Singapore-listed Minzhong Food Corporation Limited (CMFC), a Chinese integrated vegetable processing company. CMFC will issue new shares for a price of SGD $0.915 per share, a 9.93 percent discount compared to the company's share value last Friday. Indofood's purchase is regarded to spur its business development and distribution network.

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