China's top pig farmer seeks Cofco deal

State-owned food giant Cofco is seeking to restructure with private-sector help. And an Rmb1 billion investment from a pork producer into its finance unit could be the latest step.

China’s largest pig farmer Guangdong Wens Foodstuffs Group plans to invest up to Rmb1 billion ($147 million) in a subsidiary of Chinese agribusiness giant Cofco Group, Guangdong Wens said in a statement to the Shenzhen stock exchange on Tuesday.

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