CJ Cheiljedang says seeks to buy controlling stake in China's MeiHua

CJ CheilJedang

14/01/2016 01:08

SEOUL, Jan 14 (Reuters) - CJ Cheiljedang Corp  097950.KS , 
South Korea's largest food company, said on Thursday it was 
seeking to buy a controlling stake in China's MeiHua Holdings 
Group Co Ltd  600873.SS .  
    A CJ spokeswoman said nothing had been decided about the 
size of the stake or the price, but added the company wanted to 
boost the market share of its own animal feed and food additive 
business through the acquisition. 
    MeiHua, one of China's top sellers of monosodium glutamate, 
sells food and animal feed additives made from biological 
fermentation, according to its website. MeiHua had 9.87 billion 
yuan ($1.50 billion) of revenue in 2014, according to Thomson 
Reuters data.  
    An official at MeiHua could not immediately be reached for 
comment on the matter. 
  ($1 = 6.5743 Chinese yuan renminbi) 
 
 (Reporting by Joyce Lee; Editing by Miral Fahmy) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: CJ CHEILJEDANG MEIHUA GROUP/