date:Mar 14, 2013
aid Zheng Yujie, an analyst with CI Consulting.
The move will greatly improve COFCO's logistical capabilities, which will eventually cut the cost of transporting oil and grain.
Founded in 1952, COFCO is one of China's largest State-owned companies. It has four companies listed in Hong Kong, including Mengniu Dairy Co Ltd, and three companies listed in the mainland, including COFCO Tunhe Co Ltd.
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