DEALS
Zhong Lun Advised on China Agri’s Acquisition of five Cereals and Oil Companies
Zhong Lun Advised on China Agri’s Acquisition of five Cereals and Oil Companies
Recently, Hong Kong Stock Exchange listed company China Agri-Industries Holdings Limited (“China Agri", HKSE: 606.HK), has completed its aquisition of four cereals&oil subsidiaries of COFCO International Limited, and its investment of COFCO Trading (Guangdong) Co., Ltd., with an aggregate consideration of approximately RMB 196,100,000(“the Transactions"). After the completion of the Transactions, China Agri has become the holding company of the above five cereals&oil companies.
Acting as the PRC legal counsel for China Agri in the Transactions, Zhong Lun Law Firm (“Zhong Lun") has provided legal service to the client throughout the Transactions. The team from Zhong Lun was led by Partner Shiwei Zhang, and other core members are Associates Yulin Liu, Shuo Li, Tina Zhang and Weilun Zhang, with the support from Jian Zhang.
China Agri was registered in Hong Kong in November 2006 and was officially listed on the Hong Kong Stock Exchange on March 21, 2007. As a member of the COFCO Group, China Agri has established leading production capacity in China to process and sell oilseeds, rice, wheat and brewing materials, and is the second largest supplier of branded consumer-pack edible oil with an extensive sales network across China. The Transactions will enhance China Agri’s industry position and strengthen its competitive advantage.
