COFCO Group to Implement Mixed-Ownership Reforms Including IPOs and ESOPs

Shares of three listed units of State-owned China National Cereals, Oils and Foodstuffs Corp rose sharply on Wednesday [22 February 2017], after the country’s biggest food supplier by volume announced further plans for mixed-ownership reform on Monday. COFCO Biochemical (Anhui) Co Ltd stocks reached their 10 percent daily limit in early trading hours, and settled

Guangdong Rubber Company Plans to List (IPO) Thai Acquisition in Two Years

Guangdong Guangken Rubber Group Co expects to list its operation in Thailand on stock exchanges in Thailand and Hong Kong in two years after its acquisition of Thai Hua Rubbr Public Co, the world’s third largest natural rubber group…Full Article: ECNS.cn Nov 2016 Key Points In August 2016, Guangdong Guangken Rubber Group acquired a 60%

Yum Brands Exploring IPO Opportunities for its China Division in Hong Kong and Other Asian Stock Exchanges

Yum! Brands Inc, which owns fast food restaurant chains KFC, Pizza Hut and Taco Bell, announced a detailed plan to split its China division so it operates as its largest franchisee. The company’s China branch, which accounted for about half of Yum’s total operating profit during the third quarter this year, while continuing to be

Shuanghui, New Owner of Smithfield Foods, Plans an IPO in Hong Kong

Shuanghui International Holdings, the mainland firm that bought the world’s biggest pork supplier this year, plans to seek as much as HK$46 billion [US$5.93 billion] in an initial public offering in Hong Kong. BOC International Holdings, CITIC Securities, Goldman Sachs Group, Morgan Stanley, Standard Chartered (2888) and UBS are working on the share sale…Full-text article: