Plan to take China Minzhong private comes with pre-conditions

Singapore

THE plan by Marvellous Glory Holdings, a special vehicle led by Anthoni Salim, to take mainboard-listed vegetable processor China Minzhong Food Corporation (CMZ) private at S$1.20 a share comes with two pre-conditions.

The first is that Indonesia-listed Indofood Sukses Makmur (ISM), the single largest shareholder of CMZ, must pass at a general meeting attended by ISM's independent sh…