Vietnam food co Vissan plans IPO, Korean conglomerate CJ in race for strategic stake

Vietnam food co Vissan plans IPO, Korean conglomerate CJ in race for strategic stake

CJ Cheiljedang Corp (CJ), one of South Korea’s leading conglomerates and manufacturer of processed food, is reportedly interested in picking up a strategic stake in the Vietnamese state-owned food company Vissan, formally known as the Vietnam Meat Industries Limited Company, when the latter goes for an initial public offering (IPO), a report said.

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