COFCO to set up a new processing firm

COFCO to set up a new processing firm

On 8 March, COFCO Tunhe Sugar Co Ltd announced it plans to set up a tomato processing firm with registered capital of CNY 200 million (USD 28.95 million). The name of the company, based in Xinjiang Changji, is expected to be COFCO Tuen River Tomato Co., Ltd.
(USD 1 = CNY 6.9090 (Chinese yuan renminbi))