Billionaires invest $29m in plant-based chicken eggs

February 27, 2014 Leave a comment

Billionaires invest $29m in plant-based chicken eggs

Friday, Feb 21, 2014

Hemananthani Sivanandam

Winnie Yeoh

and A. Raman

The Star/Asia News Network

Asia’s richest man Li Ka-Shing and Yahoo co-founder Jerry Yang have invested US$23million (S$29 million) in a California-based company that produces artificial chicken eggs, 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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