April 12, 2007

China's Shandong Liuhe Group acquires poultry integrator

Shandong's Liuhe Group has bought over the shares of Fuxin Dajiang Co. Ltd held by Hongkong's Luting Group, thus formally gaining control of the company.

Shandong Liuhe, among the top 30 feed producers in China, has diversified business interests in the field of feed production, animal breeding, poultry rearing, food processing and bio-technology development. It has more than 100 subsidiaries across China.

Fuxin Dajiang is a poultry integrator formed from the pooled capital of various companies, including Shanghai Dajiang Group. The company was formed in July 2007 with an investment capital of RMB 61 million (US$7.9 million), half of which came from the Shanghai Dajiang Group.