The state-owned food processor, trader and manufacturer saw profits for its annual profits for 2016 beat its analyst target of 5.05 billion yuan (US$740 million) to hit 6.15 billion yuan, after the completion of what has been a far-reaching overhaul of its portfolio. Photo: Getty

COFCO listed offshoots start to show the benefits of company-wide reforms

Under new chairman Zhao Shuanglia’s strewardship, 36 ‘zombie firms’ have been offloaded through restructuring, asset sales, or bankruptcy

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The state-owned food processor, trader and manufacturer saw profits for its annual profits for 2016 beat its analyst target of 5.05 billion yuan (US$740 million) to hit 6.15 billion yuan, after the completion of what has been a far-reaching overhaul of its portfolio. Photo: Getty
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