On Friday May 27, China’s Liaoning Wellhope Agri-tech Joint Stock Co. Ltd. signed a cooperation document with Iran’s Abzi Gostar Mobtakeran Tehran to set up a joint venture in Iran following the removal of anti-Tehran sanctions, Reuters reported. It comes after China’s President Xi Jinping paid an official visit to the Iranian capital in late January…Full Article: Iran Front Page May 2016

Key Point

  • In January 2016, China and Iran signed 17 Memorandum of Understanding/cooperation agreements.

ChinaAg Comment

  • Founded in 1995 and headquartered in Shenyang, Liaoning Province, Liaoning Wellhope Agri-Tech (SHA:603609) is a major Chinese animal feed producer. Its product line includes hog feed, poultry feed, aquatic/fish feed, and other livestock. The company also a poultry processor, feed additive supplier, and manufacturer of processed food (e.g. frozen meat),  In October 2006, Royal De Heus Group (Dutch animal feed company, founded in 1911) entered into a strategic partnership with Liaoning Wellhope Agri-Tech. In May 2016, De Heus Mauritius GBL announced it would divest itself of 26.7 million shares of Liaoning Wellhope Agri-Tech.

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