COFCO to combine listed units into two groups
Updated: 2012-11-09 16:01
By Bao Chang and Ding Qingfen (China Daily)
|
||||||||
COFCO, China's largest food processing, manufacturer and trader, is set to combine its listed subsidiaries into two major listed groups over the next few years, the company’s chairman Ning Gaoning said on Thursday.
"We've been seeking the opportunity and mulling the possibility of COFCO's overall listing, but it's not an easy task," he said on the sidelines of the ongoing 18th National Congress of the Communist Party of China.
"It's difficult for COFCO to be listed as a whole group because of our diversified businesses," Ning said.
Ning said that in the future, COFCO will likely have two major listed groups, which will engage in the company’s different key businesses.
The company now owns seven listed subsidiaries including China Agri-Industries Holdings Ltd and China Foods Ltd.
Relief reaches isolated village
Rainfall poses new threats to quake-hit region
Funerals begin for Boston bombing victims
Quake takeaway from China's Air Force
Obama celebrates young inventors at science fair
Earth Day marked around the world
Volunteer team helping students find sense of normalcy
Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
|
|














