TOKYO Nov 20 Japanese trading house Itochu
Corp (8001.T) said on Thursday that it would buy a 20 percent
stake in Chinese food processing company Ting Hsin for $710
million to take further advantage of fast-growing demand.
Japan's big trading houses, which have enjoyed bumper years
from betting on iron ore and metals, are getting into the food
market, aiming to tap voracious demand in China and other
Ting Hsin Holding Corp, with which Itochu will expand its
alliance through the investment, is one of China's largest food
companies and owns Tingyi Holding Corp (0322.HK), Itochu said.
(Reporting by Yumiko Nishitani)