China's New Hope Group To Set Up Overseas Investment Arm -Chairman
November 17 2011 - 1:01AM
Dow Jones News
New Hope Group Co., China's largest animal feed producer, will
launch an overseas investment arm this month with international
investors, including Singapore's sovereign wealth fund Temasek
Holdings, New Hope Chairman Liu Yonghao said.
Other investors include grain industry giant Archer Daniels
Midland Co. (ADM) and Japan's Mitsui & Co., Liu said at an
industry event in Hong Kong.
A transcript of his speech was published Wednesday on the
website of Sina.com.cn, a financial portal.
The overseas investment arm will be managed by New Hope Group
and details will be announced during the launch ceremony in Beijing
later this month.
-Zhoudong Shangguan contributed to this article; Dow Jones
Newswires; (8610) 8400 7715; zhoudong.shangguan@dowjones.com
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