Information from the 5th Ningxia-Taiwan economy and trade cooperation fair revealed that Master Kong, the renowned brand owned by the Taiwanese Ting Hsin International Group, plans to invest CNY800 million to build a new plant in Yinchuan, capital of Ningxia, in 2011.

The Chinese food and beverage firm Master Kong has published its annual financial report for 2009, stating that its operating revenue increased by 18.9% year-on-year to USD5.08 billion; however, the company saw the lowest growth since 2004.

Tingyi (Cayman Islands) Holding Corporation, which owns the Master Kong brand, has published its financial results for the third quarter of 2009 stating that its net profit increased by 60%, a record-high growth for an individual quarter.

Tingyi (Cayman Islands) Holding Corporation, a subsidiary of the Taiwan Ting Hsin International Group, and the owner of the Master Kong brand, has published a report and stating that the company plans to be listed in Taiwan.

According to Yu Guoxiong, a spokesperson for Ting Hsin International Group, Ting Hsin plans to open the franchise rights of its convenience store brand FamilyMart in mainland China at the end of 2009.

Japanese fast food chain Yoshinoya Holdings has signed a cooperative memorandum with the Taiwanese food giant Ting Hsin International Group to set up a joint venture for expansion in the Chinese mainland.