Indonesian billionaire Salim’s entity offers to buy out China Minzhong Food

Indonesian billionaire Salim’s entity offers to buy out China Minzhong Food

Photo: Reuters

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$786 million ($584 million), helping the Indonesian tycoon expand a food empire spanning potato chips, instant noodles and cooking oil.

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