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Asian billionaires invest US$23m in plant-based 'chicken' eggs

Publication Date : 21-02-2014

 

PETALING JAYA: Asia's richest man Li Ka-Shing and Yahoo co-founder Jerry Yang have invested US$23 million in a California-based company that produces artificial chicken eggs, Malaysian Chinese daily Sin Chew Daily reported. The company, Hampton Creek Foods, is producing the artificial eggs using ingredients from 12 types of plants. It was reported that Li had personally tasted the artificial eggs — they were fried — and found that they tasted like "the real stuff".

 

Asia's richest man Li Ka-Shing and Yahoo co-founder Jerry Yang have invested US$23 million in a California-based company that produces artificial chicken eggs, Malaysian Chinese daily Sin Chew Daily reported.

The company, Hampton Creek Foods, is producing the artificial eggs using ingredients from 12 types of plants.

It was reported that Li had personally tasted the artificial eggs — they were fried — and found that they tasted like "the real stuff".

He said that the product would meet the needs of a “more efficient, more environmentally-friendly and better quality” food choice with the rise of the global population.

Hampton Creek Foods chief executive officer and founder Josh Tetrick said he did not know who Li was when they first negotiated the business deal until he “Googled” him on the Internet.

 

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