China: Pig farmer Guangdong Wen's to pick up stake in COFCO Capital

China: Pig farmer Guangdong Wen's to pick up stake in COFCO Capital

People visit the COFCO exhibition center during the 14th China Beijing International High-tech Expo (CHITEC) at the China International Exhibition Center on May 18, 2011 in Beijing, China. Bloomberg.

China’s top pig farmer Guangdong Wen’s Foodstuff Group is planning to invest between 800 million yuan ($117.70 million) and 1 billion yuan in COFCO Capital, a subsidiary of Chinese agribusiness COFCO Group, the Guangdong company said in a statement on Tuesday.

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