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China Agri-Industries Updates On Proposal For Privatisation Of By Cofco (Hong Kong)
China Agri-Industries Holdings Declares Interim Dividend Of 4 HK Cents Per Share
China Agri-Industries Holdings Sees Profit Attributable Of HK$1,200 Mln To HK$1,240 Mln For Year
China Agri-Industries Holdings Limited is a Hong Kong-based investment holding company principally engaged in the production of vegetable oil and oilseed extractions. The Company operates through six segments. The Oilseeds Processing segment is engaged in the extraction, refining and trading of edible oil and related products. The Biochemical and Biofuel segment is engaged in the production and sales of biochemical fuel, biofuel and related products. The Rice Processing and Trading segment is engaged in the processing and trading of rice. The Wheat Processing segment is engaged in the production and sales of flour products and related products. The Brewing Materials segment is engaged in the processing and trading of malt. The Corporate and Others segment is engaged in feed processing, among others. The brands under the Company include Fortune, Xiangxue, Guhua and Five Lakes, among others.
31st Floor, Top Glory Tower
262, Gloucester Road
Non-Executive Chairman of the Board
Managing Director, Executive Director
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China Agri-Industries Holdings Ltd's <0606.HK> parent will take the company private in a deal worth up to HK$9.17 billion ($1.2 billion), according to a filing published on Thursday.
* WANG QINGRONG HAS BEEN APPOINTED AS AN EXECUTIVE DIRECTOR
* Unit full extent to dispose Cofco Biofuel And Cofco Biochemical For HK$8.58 Billion
China Agri-Industries Holdings Ltd, a subsidiary of top Chinese grains trader COFCO, swung to profit in the first six months of the year, helped by a big jump in profitability in its ethanol and oilseeds segments.
* HY profit attributable HK$1,059.0 million versus loss of HK$223.3 million
* Expected to record significant turnaround in profitability for HY as compared to corresponding period of 2016
* Cofco Fortune Holdings Limited entered into agreement with Cofco Food Sales & Distribution
* During year, group's revenue increased 8.0% from a year earlier to hk$89,162.5 million.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.