Itochu to sell stake in Chinese food major Ting Hsin for $440m

Itochu to sell stake in Chinese food major Ting Hsin for $440m

Itochu Corporation. Photo: Reuters

Japan’s Itochu Corp said on Thursday it will sell its 17.8 percent stake in Ting Hsin International to the Chinese food processor for $440 million, and buy a 37.2 percent stake in Taipei Financial Center Corp (TFCC) from Ting Hsin for $665 million.

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