Cofco Group Ning Konig said the cooperation with Chinese starch could not be ruled out

Source: Internet
Author: User
Keywords Not excluded starch
Click to view the latest quotes our correspondent Zhou Xiesong Soros hoarding "starch" in China has added a new footnote.  According to the latest media reports in Hong Kong, Cofco Group chairman Ning Gaoning recently said it does not rule out future cooperation with China starch (hk.03838) possible. According to the Hong Kong letter, Ning Gaoning, chairman of Cofco Group, said in an interview that at present there is no cooperation with Chinese starch, but it does not rule out any possible future cooperation.  According to the analysis of the industry, the cooperation between the two sides is becoming clearer, which may be one of the reasons for attracting international crocodile Soros to buy Chinese starch. There are signs that Soros seems to be on the prowl. China Economic Times reporter recently also learned from sources, Soros shares of Chinese starch rumors may soon be solved.  On the stock market, China's starch rose to HK $0.81 at midday on 10th, up 6.5% from the closing price of Friday.  In Friday, the Chinese starch closed up 7% per cent and reached 98.05 million shares amid rumours of Soros's shares and Russia's call for a moratorium on cereal exports. It is rumored that the Chinese starch main shareholder Wang Ruiyun in the market placing 266 million old shares, with a price of 0.68 yuan, involving about 180 million yuan. People familiar with the matter said the shares would likely continue to be overweight by Soros's Equity fund.  Less than 5% of the shares were not disclosed in the Hong Kong stock Exchange. "According to Soros's investment character, if the stock price is appropriate, he will be big hand overweight, or directly to the major shareholder rights."  "Market people analysis that Soros has always been no treasure, love buried domestic demand related stocks, he shares the story of Chinese starch, should be followed by development."  According to the Hong Kong media earlier reported that China's starch and COFCO Group Two giants have met, the cooperation may be discussed. Industry Analysis: At present, on the one hand, the mainland food market tightening, conducive to the development of agro-processing enterprises; On the other hand, corn starch has become very important to the food processing industry as a result of the country's continued tightening of measures on food supply and control, and China's starch is striving to be the first in the world , and has a strong synergistic effect.  Soros chose to take a stake in Chinese starch at this time, with China's starch, COFCO cooperation opportunities may be concerned. China's starch program is scheduled to host a large-scale research event in early September, involving more than 200 people from both China and Hong Kong fund managers and media journalists, who may announce their breakthrough business expansion or cooperation plan. Soros shares in starch rumors may also be unveiled here.
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