The Shanghai municipal government announced a fresh round of reform and restructuring of local State-owned enterprises on Thursday [18 May 2017]. As part of the reform, Bright Food (Group) Co Ltd will absorb Shanghai Fisheries Group Co Ltd. Shanghai Fisheries will thus become a wholly owned subsidiary of Bright Food…Full Article: China Daily May 2017

Key Points

  • Bright Food Group reportedly controls 80% of Shanghai’s grain and edible oil reserves, as well as 41% of the city’s vegetable and edible agriculture produce.
  • In 2013, Bright Food Group established Shanghai Bright Special Aquaculture, a subsidiary that focuses on freshwater crab and South American white shrimp.

ChinaAg Comment

  • Established in 2006 and headquartered in Shanghai, Bright Food Group listed subsidiaries include Bright Dairy & Food (SHA:600597), Shanghai Jinfeng Wine, aka Shanghai First Provisions Store (SHA:600616), Shanghai Maling Aquarius (SHA:600073), and Bright Real Estate Group, aka Shanghai Haibo (SHA:600708).
  • Prior to 1992, Shanghai Fisheries Group was known as the Shanghai Fisheries Bureau. The state-owned company manages approximately 80 vessels and primarily fishes/catches tuna.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!