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

China to Invest in Kazakhstan’s Food Processing Industry

The central Asian country of Kazakhstan is the world’s eighth-largest wheat exporter, but its soviet-era agriculture industry lacks the ability to turn agriculture resources into cash. This is why when Chinese companies offered to invest 1.9 billion U.S. dollars to upgrade Kazakh food processing industry with 19 projects such as tomato, chicken and meat processing