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00606 SCE CM
RTNominal unchange0.209 0.000 (0.000%)
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03/09/2018 14:29

China Agri (00606) buys COFCO Intl's units at RMB1.34b

[ET Net News Agency, 3 September 2018] China Agri-Industries (00606) said its
wholly-owned subsidiaries Oriental Chance, COFCO Oils No.2 and COFCO Oils & Fats have
agreed to acquire the entire equity interest in COFCO International Singapore, Great Wall
Investments, Sino Agri-Trade and HK Ming Fat, wholly-owned subsidiaries of COFCO
International, for an aggregate consideration of RMB1,341 million (US$196.5 million),
which shall be paid in US dollars in two cash installments.
The COFCO International target companies owns 4 oilseeds processing plants located in
Chongqing, Longkou in Shandong province, Taixing in Jiangsu province and Qinzhou in
Guangxi Zhuang Autonomous Region, mainly engaged in soybean crushing and refining and
trading of soybean oil. (SC)

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