Shanghai to be 2nd Tingyi headquarters

Tingyi (Cayman Islands) Holding Corp, the company that owns instant noodle brand Master Kong and specializes in beverages and instant food, intends to establish an operations headquarters in Shanghai.

Tingyi's spokesman Chen Gongru said the move is part of a strategy to create twin headquarters in Tianjin and Shanghai, National Business Daily reported. Chen was not available for further explanation on Monday.

Given Shanghai's strategic location, its position as the business center of China and being rich in human resources, the company believes locating its operating headquarters there will effectively consolidate its internal and external resources, promote administrative efficiency, improve the hiring and development of talented people and strengthen the group's leading position in product development, Tingyi said in a company filing.