Winery, abattoir deals on

PUBLISHED : Wednesday, 30 July, 1997, 12:00am
UPDATED : Wednesday, 30 July, 1997, 12:00am

Ng Fung Hong is expected to complete acquisitions of Minquan Winery in Henan province and an abattoir in Guangzhou this year. A company source said the red-chip company would have enough financial resources for the acquisitions and it was not under cash-raising pressure. The company has cash holdings of about $400 million, after taking over an interest in a marine fishing project in West Africa in May.