Ting Hsin International Group

The company was founded in 1958.[1] In July 2009, it became the largest private shareholder in Taipei Financial Center Corporation, which owns Taipei 101.[4][5]

The company is owned by the Wei family of Taiwan, and in 2009, was the largest maker of instant noodles in China.[6]

The company in 2014 was run by four of the Wei brothers.[7]

In 2014, the company announced it would no longer produce cooking oil after a tainted oil scandal.[8] Several former executives were indicted later that year, including former chairman Wei Ying-chung.[9] In 2014 not only did it suspend operations at Ting Hsin Oil and Fat, but also Cheng I Food Co Ltd. The company Wei Chuan, which was Taiwan's second-largest manufacturer of food then, face share value drops after the parent company apologized[10] for food safety lapses.[10][11]

In 2014, Ting Hsin International Group said it would sell its Taipei Financial Center Corporation shares to raise cash for around $770 million.[12] Over the next three years, the company had difficulty selling its TFCC holdings, with Blackstone Group talks not ending fruitfully, and the Taiwanese Ministry of Finance voting against a deal with a Malaysian investment company.[13] Sometime around 2018 ITOCHU purchased 37% of Taipei Financial Center Corporation, which it spent USD$670 on.[14]

A new chairman, Jason Lee, was appointed in 2014.[15] In August 2014, Ting Hsin acquired China Network Systems (CNS), a cable provider, from MBK Partners, Limited.[16] To further stem losses in 2015, the company approved the sale of its Matsusei supermarket chain.[17]

After the food safety scandal, the share of the Ting Hsin International Group subsidiary Wei Chuan, known for its milk brand, had went from holding 40 to 25 percent of the local milk market. The division said it was considering about increasing operations in China that year, in 2017.[18] In 2017, it began building a new plant in China.[19] After controversy concerning food dilution, on 3 January 2017, Ting Hsin announced that its board of directors had dissolved the company's affiliate manufacturer of instant noodles, Master Kong (Taiwan) Foods Co., Ltd.[20] Master Kong was entirely dissolved, withdrawing from production in Taiwan.[21] FamilyMart sued to end its partnership with Ting Hsin in 2019, which would end a 15-year joint venture.[22][23] Ting Hsin International Group was the top seller of instant noodles in the world in 2017, with a 15% share of the market.[24]