THIG: acquires 19,51% stake in Taipei Financial Center

Taipei / TW. (div) Ting Hsin International Group (THIG) has acquired a 19,51 percent stake in Taipei Financial Center Corporation, a real estate company, from China Development Financial Holding Corporation (CDFH) for a consideration of 3’735 million TWD (Taiwan-Dollar), about 113,41 million USD. THIG is a producer of instant noodles and bakery products, while CDFH is a provider of financial and investment services. All the parties involved in the transaction are based in Taiwan. In November 2008 the Japanese Itochu Corporation bought a 20 percent stake in the Chinese processed food company for 70 billion JPY, the Nikkei financial daily said.

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