April 19, 2011

Zhongpin gets funding from China Construction Bank

Zhongpin Inc, a meat and food processing company in China, Friday (Apr 15) announced the signing of a strategic cooperation agreement with China Construction Bank.

Under the Agreement, China Construction Bank, Henan Branch will provide approximately RMB10 billion (US$1.53 billion) in loans and financial services to assist the company in its growth.

Zhongpin Inc is a meat and food processing company that specialises in pork and pork products, vegetables, and fruits in China. Its distribution network in the China covers 20 provinces plus Beijing, Shanghai, Tianjin, and Chongqing and includes more than 3,300 retail outlets. Zhongpin's export markets include the Europe, Hong Kong, and certain countries in Asia.