• Tue
  • Dec 23, 2014
  • Updated: 9:21am

Cofco Group

China buys majority stake in grain trader Nidera: reports

A farmer sprays pesticide in the wheat field in Anyang, Henan. Photo: Xinhua

China’s state-owned grain trader has acquired a majority stake in Dutch trader Nidera, ending weeks of speculation over the deal, Argentinian media reported on Wednesday.

Friday, 28 February, 2014, 10:18am

Tycoons move into farms to diversify

When Ding Lei, the chief executive of NetEase, a leading mainland internet company, announced his plans to raise pigs as part of a new business venture two years ago, it aroused great public interest and became one of the hottest topics online.

13 Nov 2011 - 12:00am

Mengniu shareholders in HK$1.22b placement

Two shareholders of China Mengniu Dairy, the biggest producer of liquid milk on the mainland, are raising HK$1.22 billion in a share placement. Jinniu Milk Industry and Yinniu Milk Industry - majority owned by Mengniu's top management, including chairman Niu Gensheng, who stepped down as chief executive this year - are selling 50.70 million shares at HK$23.75 to HK$24.15 each.

29 Jul 2010 - 12:00am

State firm the 'go to' body for agricultural trading since 1950s

China National Cereals, Oils and Foodstuffs Corporation (Cofco) has been the bridge between the country and the world for trading agricultural products since the 1950s.

State-owned companies, such as Cofco, are often charged with pioneering new industries, like biofuel, until the sector is developed, at which point it is opened to other players.

13 Jul 2010 - 12:00am

Food packaging firm CPMC up 13pc on debut

Shares of food packaging firm CPMC Holdings, which raised HK$1.08 billion in an initial public offering, closed 13.4 per cent higher in their trading debut yesterday.

CPMC, a subsidiary of Cofco Group, opened at HK$6.90 and went as high as HK$7.05 before closing at HK$6.11. The shares were offered at HK$5.39.

17 Nov 2009 - 12:00am

Corrections & clarifications

The report 'Ports to see drop in volume' published yesterday should have said China Merchants Holdings (International)'s container throughput volume for Hong Kong Modern Terminals, in which it holds a 27 per cent stake, rose 3 per cent to 5.9 million 20-foot equivalent units last year.

22 Apr 2009 - 12:00am

Suitors woo Huiyuan after Coke flop

China Huiyuan Juice Group says it has been approached by more investors after Beijing blocked Coca-Cola's HK$19.65 billion takeover of the mainland's biggest pure juice maker.

'After the failed deal, we've met more suitors, although we have not reached the stage of planning a marriage,' said chairman Zhu Xinli.

16 Apr 2009 - 12:00am

China Agri sets sight on overseas grain producers as prices surge

China Agri-Industries Holdings, a Hong Kong-listed unit of the mainland's largest food importer and exporter, is seeking overseas acquisitions to secure supply lines of grain as commodity prices continue to surge worldwide.

'The surging prices of grain globally are the catalyst for us to adopt such a strategy,' China Agri vice-president Andy Li said in an interview.

28 Apr 2008 - 12:00am

New plant for China Packaging

China Packaging, a mainland food and beverage packager, plans to spend 300 million yuan this year on a new plant to capitalise on fast-growing consumption.

It will set up its fourth plant in Chengdu, Sichuan, with an annual production capacity of 500 million cans, bringing the packager's total capacity to 1.6 billion cans by April.

19 Feb 2008 - 12:00am

Cofco aims to list all units in 5 years

China National Cereals, Oils & Foodstuffs Import & Export Corp (Cofco Group), the mainland's largest grain trader and processor, expects to list all its businesses within 5 years after a systematic segregation of its various activities.

26 Mar 2007 - 12:00am

China Agri to sell 20pc IPO stake to Mitsubishi

China Agri-Industries Holdings, the mainland's largest processor of crops, will sell up to 20 per cent of its planned HK$2.6 billion Hong Kong initial public offering to Mitsubishi Corp next month, sources said.

27 Feb 2007 - 12:00am

China Agri-Industries seeks HK$2.7b from IPO

China Agri-Industries Holdings, the mainland's largest processor of crops, aims to raise as much as HK$2.7 billion in a Hong Kong listing to fund business operations, sources said.

22 Feb 2007 - 12:00am

China Agri lifts IPO on earnings growth

China Agri Holdings, a unit of the mainland's largest grain trader Cofco International, had boosted the size of its Hong Kong initial public offering by about 50 per cent because of its strong earnings growth, market sources said.

16 Feb 2007 - 12:00am

Results diary

Today Interim: Crocodile Garments, Lai Fung Holdings, Lai Sun Development, Lai Sun Garment (International)

7 Apr 2006 - 12:00am

Results diary

Today Final: AAC Acoustic Technologies Holdings, China Construction Bank Corporation, China Investments Holdings, China Resources Enterprise, Jiangsu Nandasoft, Mainland Headwear Holdings, Morning Star Resources, Pearl River Tyre (Holdings), SCMP Group, Topsearch International (Holdings), ZTE Corporation

6 Apr 2006 - 12:00am