The Asias leading meat processing company China Xiangtai Food Co., Ltd. announced that the company, through its subsidiary Chongqing Penglin Food Co. Ltd., has entered into a lease agreement to expand hog breeding business in Guangxi Province.
- As per deal the Company has to rent a 2,500-square-meter hog breeding farm with four hog breeding houses in Guangxi for five years
- China Xiangtai Food involved in breeding, processing, distribution, wholesale and retail as a whole largely in meat products across the China and neighbouring countries.
In May 2020, China Xiangtai Food Co., Ltd. announced that its subsidiary, Chongqing Ji Mao Cang Feed Co., Ltd. entered into an agreement to sell 10,000 tons of soybean oil to Chongqing Wave Trading Co., Ltd. by October, 2020. The contract is worth $8.5 million.
In April 2020, China Xiangtai Food Co. Ltd. announced that the Company, through its primary operating subsidiary Chongqing Penglin Food Co., Ltd, has entered into a joint venture framework agreement (the “Agreement”) with Chongqing Fengjie County Rural Ecological Agriculture Development Co., Ltd. ( “FEA”), a private enterprise specializing in hog breeding business.
In March 2020: 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.
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.