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

Malaysian Palm Oil Exports to China Struggle to Compete with Indonesian Supply and Cheap Soybean Oil

While Malaysia, the world’s second largest producer of crude palm oil (CPO), is seeking to export more palm oil to China following Prime Minister Najib Razak’s visits to China, it may be a tall order this year, as soybean supplies remain ample and Indonesia, another major CPO producer, still has its competitive advantage over Malaysia.

Indofood to Divest itself of China Minzhong Food Over Declining Profits

A company controlled by Indonesian billionaire Anthoni Salim offered to acquire the rest of China Minzhong Food Corp in a deal valuing the Chinese company at S$786 million ($584 million). The deal could help the tycoon exercise greater control over a food empire spanning potato chips, instant noodles and cooking oil. Full ownership of Minzhong

China’s National Rice Research Institute to Establish a Hybrid Rice JV with an Indonesian Company

China’s National Rice Research Institute is looking to tap into seed markets in Southeast Asia, Africa and South America as it promotes its hybrid rice varieties over the next five years. Cheng Shihua, director general of the institute, said it will promote its hybrid rice seeds in emerging markets. “We have conducted a number of

China’s Farming Machinery Manufacturers, SINOMACH and YTO Group, Look to New Markets in Southeast Asia

China’s top farming equipment manufacturers are seeking investment opportunities in Southeast Asia at the ongoing 11th China-ASEAN Expo held in Nanning in south China’s Guangxi Zhuang Autonomous Region. China National Machinery Industry Corporation (SINOMACH), the country’s first Fortune 500 company in the machinery sector, has launched an investment program in Vietnam and Thailand in an

Chinese Vegetable Processor Reports Declining Revenue

China Minzhong Food Corporation, an integrated vegetable processing company based in China, released its third quarter results on Tuesday. Market watchers will remember that China Minzhong was embroiled in controversy over short-seller Glaucus Research Group’s acquisitions last August that the vegetable processor had been engaged in financial impropriety…Full Article: Fresh Plaza Apr 2014 Key point

Indonesia’s Largest Noodle Maker Looks to Increase its Share of China Minzhong Amid Allegations of a Misleading Report by a U.S.-based Short Seller

Indonesia’s PT Indofood Sukses Makmur Tbk has launched an offer for Singapore-listed China Minzhong at S$1.12 per share, valuing the company at around S$734 million. In a filing with the Singapore Exchange, Indofood said it now owns, controls or has agreed to acquire around 33.49 per cent of Minzhong. This comes after the company agreed

Indonesian Food Company Increase its Stake in Chinese Vegetable Processor

Indofood Sukses Makmur, part of the Salim Group, has upped its stake in China Minzhong Food Corporation, China’s leading integrated vegetable processor, via a Sg$105 million (US$85 million) share purchase. “The share purchase was done through the Singapore Exchange,” said Werianty Setiawan, a director at Indofood, in a press statement on Friday [March 1, 2013]…Full-text

Indonesian Food Company Acquires Stake in Chinese Vegetable Processor

PT Indofood Sukses Makmur Tbk [leading Indonesian food company] has agreed to acquire 14.9% stake in China Minzhong Food Corporation Limited (CMFC), a China-based fresh vegetable processor. Under an agreement signed by both companies, CMFC would issue 98 million new shares, of which 14.95% would be acquired by Indofood. At an average price of US$1.0159