Article: CHINA AGRI-INDUSTRIES SAID TO BUY SHANGHAI RONGS BIOTECH


AsiaInfo Services
08-06-2009
China Agri-Industries Said to Buy Shanghai Rongs Biotech

SHANGHAI, Aug 06, 2009 (SinoCast Daily Business Beat via COMTEX) -- Sources said that China Agri-Industries Holdings Ltd. (SEHK: 0606), a listed subsidiary of COFCO Limited, would take over an amylase and food additives producer, Shanghai Rongs Biotech Co., Ltd.

Shanghai Rongs Biotech, which is under the leadership of Shanghai Rongs Enterprise Co., Ltd., is equipped with three amylase production lines, with an annual production capacity of 150,000 tons. And it is capable of reaping sales revenue of CNY 200 million per year.

80% of the target company's customers are multi-nationals, and its high-end products ...

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