Companies

Unilever China to delay price hike

(Agencies)
Updated: 2011-04-01 16:29

Unilever, the world's second-largest consumer-goods maker, will postpone price increases previously scheduled to begin Friday, Bloomberg reported.

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Unilever China made the decision per request of the National Development and Reform Commission, Chinanews.com reported citing the company's statement released on Thursday.

Unilever earlier this week sold 300 million yuan ($46 million) of bonds in Hong Kong, becoming the first European consumer company to sell so-called dim sum bonds.

Tingyi (Caymen Islands) Holding Corp, China's biggest maker of packaged food, said on Thursday it will delay raising prices for some instant noodles.