COFCO Group’s New President Meets with Municipal Leaders in Wuxi, Jiangsu Province

On February 17, Li Xiaomin, a member of the Jiangsu Provincial Party Standing Committee and Secretary of the Wuxi Municipal Party Committee, met Zhao Shuanglian, President of COFCO Group who came to Wuxi for investigation. They conducted exchange on further deepening cooperation between both sides. Wuxi municipal leaders Huang Qin and Zhang Yefei attended the

China’s COFCO Announces Plans to Build Two 100,000 MT Warehouses in Russia’s Far East

China’s state-owned food processing company, China National Cereals, Oils, and Foodstuffs Corp. (COFCO Group), has announced plans to build two warehouses, each with a capacity of 100,000 tonnes, on the most southeastern region of Russia bordered by China and North Korea, Shanghai-based Guancha Syndicate reports…Full Article: WantChinaTimes Oct 2015 Key Points COFCO is interested in

COFCO to Merge its Grain, Oil and Sugar Assets and Seek a Stock Market Listing By 2019

COFCO Corp, China’s largest food company, is setting up a joint venture with sovereign wealth fund China Investment Corp, in preparation of a full listing for its recently acquired grain, oil and sugar assets. According to an agreement signed by the two parties on Thursday, COFCO will control 80.1 percent of the venture, to be

China’s COFCO Acquires State-Owned Huafu Group

China’s central reserve food company Huafu Group has integrated into another state-owned enterprise (SOE) COFCO Corp. to become the latter’s wholly-owned subsidiary. Huafu Group will no longer be administered by the State-owned Assets Supervision and Administration Commission (SASAC) after the combination, the SASAC said. There will be 112 SOEs under the administration of the commission…Full