Asians record ridges on noodle

Two families from Southeast Asia Suddenly riders for billions of dollars from fast cooking noodles Lucky Me! Monde Nissin Corporation. The exit of the food brand on the stock exchange put the record in the Philippines on the amount of attracted money, writes Bloomberg.

Primary placement of Lucky ME noodle shares! Over the first week, Kvifanus and Ang from Indonesia and the Philippine of about $ 3.6 billion dollars brought. Chairman of the Board of Directors Indonesian Hartono Quifanus holds 23 percent of Monde Nissin shares, his brother Oetiono, Vice-Chairman, owns 5.3 percent, Wife Oodiono Betti Ang, Natives of Philippines, the company’s share is equal to 18 percent.

Monde Nissin is founded in 1979 as a cookie producer. The father of Cvifanus Hidatyat Darmonovo began the case. Noodle Lucky Me! For 2021, it is the best-selling in the Philippines, it accounts for about 70 percent of the market. Monde Nissin revenue from the sale of noodles last year amounted to 1.4 billion dollars. The demand for the product incredibly took off into the coronavirus pandemic when people had to be at home.

According to a representative of the company, the IPO funds will go on the development of the production of alternative meat QuORN, which is already represented in more than 30 countries of the world.