The leading meat processing company China Xiangtai Food Co. Ltd. announced that its subsidiary Chongqing Jinghuangtai Enterprise Management Consulting Co., Ltd., entered into a non-binding Memorandum of Understanding to acquire 51% interest in Chongqing Ji Mao Cang Feed Co., Ltd. (JMC), a private enterprise specializing in feed raw material sales and providing feed formula solutions.
The acquisition of controlling stake in JMC helps China Xiangtai Food to expand its southwest market in China. The deal assists to gain additional market share and expanding the company’s product portfolio in the region.
In February 2020, China Xiangtai Food Co. Ltd. announced that its primary operating subsidiary Chongqing Penglin Food Co., Ltd, entered into a business collaboration agreement with Chongqing Good Helper Commerce Co., Ltd. (CGHC), a financing company backed by the local government in Chongqing, China for a business collaboration for the expansion of operation scale and diversification of distribution channels.
About Chongqing Penglin Food Co..
China Xiangtai Food Co. Ltd. a leading company mainly engaged in pork processing business in China. The company involved in breeding, processing, distribution, wholesale and retail as a whole largely in meat products. The company has more than 300 staff at Chongqing meat processing facility. The company has formed dozens of fresh and cooked food products series covering breeding, slaughtering, processing cooked, stored frozen, wholesale sales whole industry chain business models.