Tokyo, Oct 8 - Nissin Food Products Co, a leading Japanese maker of instant noodles, is in talks to buy a major stake in Chinese instant noodle maker Sichuan Baijia Food Co, the official Shanghai Securities News reported on Wednesday.
The newspaper quoted unnamed sources as saying the talks were focusing on the size of the stake, with Nissin seeking to buy at least 33.4 percent and Baijia Food aiming to sell a smaller stake of between 20 and 25 percent.
Nissin spokesman Katsuhiko Kiyofuji said his company was in talks with the Chinese firm, but he denied reports that it intended to acquire Sichuan.
Baijia Food, based in western China, had sales exceeding 300 million yuan ($44 million) last year, according to its website.