Wholly Owned Subsidiary of Legend Holdings, Joyvio Group, to Acquire a 94% Stake in Chile’s Australis Seafoods

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

Shandong’s Yantai Changyu Wine Snaps Up 5th Overseas Acquisition

Chinese winery Yantai Changyu Wine Co bought an 80 percent stake in the Clare Valley’s award-winning Kilikanoon Estate in Australia for AUD $20.6 million ($16.4 million). The deal was signed at a ceremony held in Adelaide, Australia, Jan 18…Full Article: China Daily Jan 2018 Key Point To date, this is Changyu Pioneer Wine’s (SHE:000869) fifth

Chinese Infant Formula Manufacturer to Purchase Vitamin World for USD 28 million

An affiliate of Feihe International Inc, a Chinese maker of dairy products, will acquire Vitamin World Inc out of bankruptcy for about $28 million, after no other bidders submitted offers for the US nutritional supplements seller…Full Article: The Global Times Dec 2017 Key Point In September 2017, New York-based Vitamin World (156 stores) filed for

Newly Listed Ningbo Lehui to Acquire German Beverage Packaging Equipment Manufacturer

Ningbo Lehui International Engineering Equipment Co plans to take over German dairy packaging equipment manufacturer NSM Packtec GmbH, according to media reports on Wednesday [13 December 2017]. Lehui will pay 4 million euros ($4.73 million) to acquire the company from NSM Magnettechnik GmbH, domestic news website sohu.com reported…Full Article: The Global Times Dec 2017 Key

CITIC and Longping High-Tech Agriculture Complete Acquisition of Dow’s Brazilian Corn Seed Assets

Citic Agri Fund has completed its $1.1 billion acquisition of some of Dow Chemical Co.’s Brazil agriculture assets, a move that has netted the company a significant chunk of the country’s huge agricultural sector…Full Article: Caixin Dec 2017 Key Point As a result of the acquisition, Citic Agri Fund now owns four Dow AgroSciences’ corn

Hainan Island’s Top Rubber Producer Acquires Stakes in Foreign Companies

Hainan State Farms Investment Holding Group Co Ltd, owner of China’s largest natural rubber plantation base, is accelerating its pace of globalization through international acquisitions, according to Li Dongming, a senior official with the company. “We will focus our efforts in seeking partners in especially the Southeast Asian countries,” he said while was responding to