Tingyi share sale fails

An undisclosed institutional shareholder attempts to sell $118 million worth of shares in the Hong Kong-listed noodle maker, but at a discount of just 2.1% the deal fails to draw investors.

<div style="text-align: left;"> A man eats Master Kong noodles </div>

Anette Jönsson

October 17, 2012

The block of shares in noodle maker Tingyi that was in the market on Monday night was scrapped after failing to find enough buyers, sources said yesterday.

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