China Grain & Logistics Corporation Becomes Subsidiary of COFCO

China’s largest food processing company, China National Cereals, Oils and Foodstuffs Corporation, will take China Grain and Logistics Corporation as its subsidiary, the State-owned Assets Supervision and Administration Commission of the State Council said on Tuesday [March 12, 2013]. “With the approval of the State Council, China Grain and Logistics Corporation will become COFCO’s wholly