Chinese investment firm Legend Holdings announced on Monday [19 November 2018] that its wholly owned subsidiary Joyvio has agreed to purchase a majority stake in Chilean salmon producer Australis Seafoods SA. Joyvio will buy a 94.47 percent stake in Australis Seafoods for $880 million, Singapore-based news website zaobao.com reported…Full Article: The Global Times Nov 2018

Key Point

  • In 2017, Australis Seafoods produced 64,000 tons of salmon, or 9% of Chile’s total salmon output.

ChinaAg Comments

  • In September 2017, Joyvio Agriculture Development (SHE:300268) announced it would acquire a 68% stake in Nine Masters (Shanghai) Catering Services.
  • In July 2017, Joyvio Agriculture Development (SHE:300268) acquired a 55% stake in China Starfish (aka Qingdao Guoxing Food Company).
  • In June 2017, Wanfu Biotechnology Agricultural (SHE:300268) formerly changed its name to Joyvio Agriculture Development (SHE:300268).
  • In March 2017, Joyvio Group became the largest shareholder of Wanfu Biotechnology Agricultural (SHE:300268). Wanfu operates an e-commerce platform that distributes a wide variety of food products, including rice and edible oils.
  • In July 2016, Golden Wing Mau Agricultural Produce announced it would purchase a 19.99% stake in T&G Global (NZX: TGG). The purchase by Golden Wing Mau must pass Chinese regulatory approval by 15 September 2016. T&G Global (originally Turners and Growers) is a New Zealand producer and distributor of fresh produce including apples, asparagus, blueberries, tomatoes, grapes, pears, citrus, cherries, kiwi berries, strawberries, apricots, nectarines, peaches, plums, and much more.
  • In April 2016, Legend Holdings announced it would form a joint venture, KB Food, with Australia’s KB Seafoods. The seafood JV will be 90% owned by Legend Holdings and 10% by the Kailis family. KB Food will focus on the Asia Pacific seafood market.
  • In December 2015, Golden Wing Mau Agricultural Produce Corporation and Joyvio Group, subsidiary of Legend Holdings (HKG:3396), announced they would merge.
  • In July 2014, the Senior Vice-President of Legend Holdings Ltd and Chairman of Joyvio Group stated that China produced approximately 12,000 MTs of blueberries on 20,366 ha of land in 2013. An increase from 2011 when China produced 4,100 metric tons of blueberries on 11,281 ha of land.
  • In 2013, the Chinese food company of Joyvio, subsidiary of Legend Holdings (HKG:3396), launched an agricultural project in the village of Xianrendong, north of Dalian. The project included developing the village’s blueberry and sea cucumber industries. As of January 2015, a total of CNY 50 million (US$8.2 million) has been spent on the agricultural project.
  • In September 2012, Legend Holdings announced it would acquire KongFuJiang liquor for CNY 400 million yuan (~US$64.4 million).
  • In March 2012, Legend Holdings purchased a share of Anhui YingJia Liquor.
  • Founded in 2012 and headquartered in Beijing, Joyvio Group, subsidiary of Legend Holdings (HKG:3396), is a Chinese producer and distributor of blueberries, kiwifruit, cherries, tea, and wine. Joyvio Group owns Wallen Blueberry Fruits, China’s largest blueberry producer, which cultivated 1,000 hectares of the country’s total 10,000 ha devoted to blueberry production (as of 2012). The company also owns farms in Chile.
  • In November 2011, Legend Holdings purchased Heibei QianLongZui Liquor.
  • In June 2011, Legend Holdings entered the liquor market when it acquired a 39% share of Hunan WuLing Liquor for CNY 130 million (US$20.9 million). By 2012, Legend Holdings fully acquired Hunan WuLing.
  • Founded in 2010 and headquartered in Shanghai, Nine Masters (Shanghai) Catering Services is a food service contractor whose product portfolio includes ready to cook products and pre-packaged refrigerated food. Since its founding, the company has worked with IKEA Food, Alibaba’s Hema Fresh Stores (aka Hema Xiansheng), JD.com, and Yiguo E-Commerce.
  • Founded in 2000 and headquartered in Qingdao, Shandong Province, China Starfish is a seafood importer and distributor. Its primary seafood products are pollock and coldwater shrimp, but also sells lobster, halibut, salmon, squid, carp, sea cucumber, sea snail, mussels, crab, grouper, and canned tuna.

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