AgriNurture Inc, a Philippine-listed fruits and vegetables firm, has acquired controlling stake in Hong Kong-based trading firm Guangzhou Joyful Fairy Fruits Ltd…Full Article: DealStreetAsia Dec 2016

Key Point

  • Zongshan Fucang Trade, a subsidiary of AgriNurture based in Zhongshan, Guangdong Province, acquired a 70% stake in Guangzhou Joyful Fairy Fruits for just over US$100,000.

ChinaAg Comments

  • In October 2016, AgriNurture acquired a 49% stake in Zongshan Fucang Trade, an agricultural commodity trading company, for PHP308 million (~US$6.2 million).
  • Founded in 1997 and headquartered in Pasig, Philippines, Agrinurture (ANI) is a producer and distributor of fresh produce, rice, and its processed byproducts. ANI is known for its fresh mangoes, but its product line includes bananas, pineapples, papayas, durian, soursop, fruit juices, and dried fruit. The company also distributes various fruits and vegetables from Spain.

Hong Kong Trends

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