CJ Cheiljedang Corp, South Korea’s largest food company, said Tuesday it has decided not buy a controlling stake in China’s MeiHua Holdings Group Co.

The Korean company said in a public filing that it could not narrow down differences in negotiations with the Chinese firm.


In January, CJ Cheilhedang signed a memorandum of understanding to acquire a controlling stake in the Chinese firm to boost the market share of its own animal feed and food additive business.

By Kim Yoon-mi (yoonmi@heraldcorp.com)