Hong Kong (CNN Business) Monde Nissin has made stock market history as it works to get more people to eat its noodles and fake chicken. instant noodles, an iconic brand in Southeast Asia, and meat substitute Quorn went public in the Philippines on Tuesday, raising 48.6 billion Philippine pesos (about $1 billion). Much of the proceeds will go toward ramping up production of the company's consumer goods, especially Quorn, according to CEO Henry Soesanto. Monde Nissin bought the popular UK-based meatless chicken brand in 2015 for £550 million (about $847 million at the time). With the alternative protein space poised for "explosive growth" over the next 10 years, "we do not want to miss the opportunity," Soesanto told CNN Business in an interview from Manila.

Source: CNN June 01, 2021 08:03 UTC