Headquarters
China
Latest investment
Jun 11 2015
No. of Startups
1
Website
http://www.tinghsin.com
INDUSTRIES INVESTED
countries invested
funding size
Offices
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Founded
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Latest investment date
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Latest investment name
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No. of startups
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No of rounds
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No of Co investors
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Avg No of co-investors per round
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Offices
China
HQ address
No. 15, 3rd Avenue Teda, Tianjin, 300457, CHN
description
Ting Hsin International Group is a Taiwanese-owned corporate group established in 1958. It owns various food brands such as the instant noodle maker Master Kong, Wei-Chuan Food Corporation and Dicos.In July 2009, it became the largest private shareholder in Taipei Financial Center Corporation, which owns Taipei 101.In August 2014, Ting Hsin acquired China Network Systems, a cable provider, from MBK Partners, Limited.Food scandals and boycottIn November 2013, Wei Ying-chun, former chairman of three subsidiaries of Ting Hsin International Group, was indicted on charges of fraud as part of an investigation into the 2013 Taiwan food scandal. Wei Ying-chun is the third of four Wei brothers controlling the Ting Hsin group.On 9 October 2014, prosecutors launched an investigation into the 2014 Taiwan food scandal alleging a unit of Ting Hsin International Group over sale of tainted cooking oil. Prosecutor Tsai Li-yi said Ting Hsin unit Cheng-I Food Co. is being investigated over allegedly mixing animal feed oil with cooking oil and then selling it for human consumption.After the revelations, the Taiwan public boycotted Ting Hsin items, with a number of local governments, restaurants, traditional markets and schools refusing to consume the conglomerate's products. On 16 October 2014, Ting Hsin announced that it will leave Taiwan's oil market and donate NT$3 billion toward food safety under the supervision of Ruentex Financial Group Chairman Samuel Yin .

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