Salim’s Entity Plans to Buy Out China Minzhong Food

  • Offer is at S$1.20 a share in cash, or in cash and bonds
  • Proposal would add to S$4.5 billion delistings in Singapore

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 exercise greater control over a food empire spanning potato chips, instant noodles and cooking oil.

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