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Both Unilever and Tingyi have agreed to hold off on price hikes after meeting with the NDRC.
WSJ: China Fines Unilever for Price Comments
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The NDRC also investigated Tingyi and issued it a warning but no fine.
WSJ: China Fines Unilever for Price Comments
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Apparently, the French firm has also spoken to Tingyi, another major food manufacturer, and COFCO, the large Chinese agribusiness conglomerate.
FORBES: International Retailers Struggle In China
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After Tingyi Holding, the maker of Master Kong instant noodles, signaled price increases, there also were reports of scrambling for noodles.
WSJ: China Fines Unilever for Price Comments
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Unilever and Tingyi were both among the firms that were asked to refrain from price increases, as was Singapore-based Wilmar International Ltd.
WSJ: China Fines Unilever for Price Comments
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Unlisted Wahaha, best known for its bottled water, competes in China with the likes of Coca-Cola, Want Want, Uni-President and Tingyi.
FORBES: China Beverage Giant Wahaha, Led By Country's Richest Man, Says Profit Rose In '12
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Shares in Tingyi (Cayman Island), one of the largest beverage and snack producers in China, closed up by 0.6% in Hong Kong today on investor hopes that the worst of a rise in costs that hit earnings last year may have passed.
FORBES: Taiwan Billionaire Family's Tingyi Rises 0.6% on China Food, Beverage Hopes