China's top pig farmer seeks Cofco deal

State-owned food giant Cofco is seeking to restructure with private-sector help. And an Rmb1 billion investment from a pork producer into its finance unit could be the latest step.

Jill Mao

June 14, 2017

China’s largest pig farmer Guangdong Wens Foodstuffs Group plans to invest up to Rmb1 billion ($147 million) in a subsidiary of Chinese agribusiness giant Cofco Group, Guangdong Wens said in a statement to the Shenzhen stock exchange on Tuesday.

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