Salim’s firm to buy out China Minzhong Food


Indonesian tycoon is offering US$584mil

JAKARTA: A company controlled by billionaire Anthoni Salim offered to acquire the rest of China Minzhong Food Corp in a deal valuing the Chinese company at S$786mil (US$584mil), helping the Indonesian tycoon exercise greater control over a food empire spanning potato chips, instant noodles and cooking oil.

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