Is determined in order to carry out the restructuring of State-owned capital investment company after the pilot enterprises, COFCO capital market trends raised concerns.
COFCO according to plan, COFCO Oils assets will be completed with the acquisition of Ni Dela, COFCO Noble agriculture together the overall market, the listed platforms COFCO International Limited (hereinafter referred to as "COFCO International"). Since COFCO International registered overseas, as a public platform, Ni Dela 51% controlling stake in COFCO Noble agriculture 51% controlling stake in its takeover come forward, then, COFCO domestic grain and oil assets also need to load sugar in the food international.
In mid-April, at Xubo COFCO president, he announced that hopes to complete in 2019. Sugar, grain and grain original asset injection, to achieve integration and the overall assets of the listed constituents.
However, according to sources close to the food management, said: COFCO internal asset structure is very complicated, the food grain and oil assets distributed in the grain trade Co., China Agri-Industries Holdings, Chinese food three large sugar distribution Tunhe, Huafu Group two, internal integration also requires a long way to go.
May 7, COFCO official response to 21st Century Business Herald reporter, said: Because of the relevant state departments have not set a program, the grain mix change as well as the specific content of the overall market has yet to reach the stage of publicity disclosure.
COFCO assets comb
As the largest grain and oil companies, COFCO set of agricultural trade, logistics, processing and foodstuff production and sales, and last year through the acquisition of a controlling stake of 51% Ni Dela, COFCO Noble agriculture 51% controlling stake, among the world's major grain Suppliers list.
2014, COFCO spend about $ 3 billion to acquire a 51 percent stake in Hong Kong's Noble Group, controlled the Netherlands Ni Dela company also expanded into Brazil, the United States, Ukraine and Russia and other regions. Ning said he would merge the business into a "global agricultural company."
November 26, 2014 in the evening, SASAC announced the approval by the State Council, China Huafu Trade Development Corporation entirety COFCO Limited, a wholly owned subsidiary enterprises. Huafu Group is a large business enterprise group SAC management, the registered capital of 1.334 billion yuan. One of the main sources of income Huafu Group's policy of purchasing and storage of sugar, pork. In 2011, Huafu Group achieved operating income of 12.835 billion yuan, total profit of 145 million yuan. Thus, in the sugar fields COFCO also ranks first in China.
COFCO development path, one own expansion, the second is related assets into the central enterprises. Before aspects COFCO told 21st Century Business Herald reporter: 2005-2013 years COFCO acquisitions completed a total of nearly 50 project, investment 14.6 billion yuan. Compared to the year merger, the acquired company by the end of 2013 total assets increased by 4.28 times, net profit increase of 33.6 times.
COFCO official website said, at present, the food more than 57 billion US dollars of assets, storage capacity of 1,500 tons, the annual processing capacity of 84 million tons, the annual capacity of 44 million tons port transit. Assets and institutions covering more than 60 countries and regions, businesses involved in more than 140 countries.
As an investment holding company, COFCO numerous assets, COFCO has eight listed companies, including Chinese food (00506.HK), China Agri (00606.HK), Mengniu [0.73%] (02319.HK), CPMC [0.56%] (00906.HK), Joy Real Estate (00207.HK) five Hong Kong listed companies, as well as Tunhe (600737.SH), COFCO Property [3.46% funds research report] (000031.SZ) and COFCO Biochemical [4.78% funds research report] (000930.SZ) three mainland listed companies.
Before the end of October last year for the first time raised the Group's overall listing, COFCO has already started an internal asset integration.
March 2013, SASAC announced China COFCO COFCO incorporated. When the end of the year, "in the grain trading company" was established, grain, cereal, food Hualiang three central enterprises, "three food in one", to achieve a unified food trade, foreign trade, logistics business.
People close to COFCO's management revealed COFCO own grain and oil assets include three parts: COFCO Co., Ltd., Chinese food, Agri; COFCO sugar assets located in Tunhe with the new incorporated near Huafu Group.
COFCO trade combined company, with a sound system of logistics and warehousing facilities and assets, with total assets of 39.5 billion, the total storage capacity of 10.5 million tons, 23 million tons port transit capacity, 120,000 tons daily shipment capacity of 4.6 tons per day drying ability, management capacity enhancement, upgrade market influence.
Agri and Chinese food is at the downstream processing and food fields. The former is mainly engaged in oilseed processing, biochemical and biofuels, rice processing and trading, brewing materials and wheat processing business; the latter is mainly engaged in alcohol, beverage, packaging, cooking oil and other related products and confectionery business.
In terms of carbohydrate assets Tunhe sugar is in the food production and trade major company, incorporated in the new Huafu Group owns state sugar reserves and reserve meat business. It is understood that, in addition to the food grain and oil trading assets are integrated in the saccharide assets is also facing integration.
In addition, COFCO Packaging mainly produces tinplate packaging products tank, aluminum tank packaging products and plastic packaging products; COFCO Joy City real estate and residential real estate and commercial real estate development in charge of the food; COFCO Biochemical the main biological engineering research and development, starch sugar , monosodium glutamate, an amino acid production and sales; consumption of alcohol and fuel alcohol production and sales.
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