China’s food processing giant COFCO offers to acquire Agri-Industries Holdings for US$1.1bn

CHINA – State-owned food processing holding company, COFCO has unveiled plans of privatizing its Hong Kong listed unit, China Agri-Industries Holdings as it looks to pursue a flexible development strategy. COFCO has tabled a HK$8.9 […]

Finlays opens US$17m refined tea processing facility in China

CHINA – Finlays, a sub-affiliate of the London-based John Swire & Sons, has opened its first refined tea processing plant in China, located in Guizhou province, after investing 120 million yuan (US$17 million). The plant […]

FAO receives US$15m to support research in food security and nutrition

CHINA – The Food and Agriculture Organization of the United Nations (FAO) has received CNY100 million ($15 million) donation from the Ningxia Yanbao Charity Foundation. FOA said the donation will be used to establish a […]

Givaudan invests US$30m in Chinese facility to double flavour production capacity

CHINA – Swiss flavour and fragrances company, Givaudan has opened a new extension to its Nantong, China manufacturing facility to increase the production capacity of liquid flavour production for beverages, dairy and sweet goods. Givaudan […]

Chinese fruit supply company Hongjiu Fruit raises US$71m in funding

CHINA – Hongjiu Fruit, which operates across the fruit supply chain in Asia, has secured US$71 million (500 million yuan) in funding as part of its Series C round led by the CMC Capital Partners.  […]

China’s Mengniu Dairy to acquire Kirin’s Australia unit for US$419m

CHINA – Chinese dairy giant, Mengniu Dairy has agreed to buy Kirin Holdings Co.’s Australian beverage unit Lion Dairy & Drinks for about 45.6 billion yen (US$419 million). The deal includes all white milk, milk-based […]

PE firm Ping An Capital acquires stake in Mengniu Dairy’s unit for US$568m

CHINA – Ping An Capital, the private equity unit of Chinese insurer Ping An Insurance, announced that it has teamed up with two companies to acquire a majority stake in dairy products maker Junlebao for […]

Chinese dairy giant Yili launches the “Future Intelligence and Health Valley” project

CHINA – China’s dairy company, Inner Mongolia Yili Industrial Group has launched a new project dubbed “Yili Future Intelligence and Health Valley” in Hohhot, Northern China. The intelligent valley is a large-scale complex project integrating […]

Pernod Ricard forms strategic partnership with Wuliangye International

CHINA – Pernod Ricard and Wuliangye International (HK), one of China’s largest baijiu producers, have signed a strategic cooperation memorandum of understanding to jointly to work towards developing sales channels in Asia. The companies intend […]

China lifts ban on poultry imports from the United States

USA – China has reopened its market for poultry imports from the United States, bringing to an end the nearly five-year ban on US poultry products. China imposed a ban on all US poultry imports […]