New hope for 200 million dollars overseas acquisition of upstream expanded grass species business

New hopes for the reorganization are new moves in overseas markets. Recently, the New Hope Group, Pggwrightson, a 50.1%-holding company in New Zealand, an agricultural services firm, which involves about $200 million trillion, has reached an offer and is awaiting approval from relevant government authorities in New Zealand and China, "if it goes well, it can be reached by the end of April."　　"New Hope Industry fund manager Zhang Tianli said. This is the first time that the new hope is to expand overseas by way of mergers and acquisitions, as early as 1996, the New Hope has entered the overseas market, but the way to invest in the factory, in Vietnam, Cambodia, the Philippines, Indonesia, Bangladesh and other countries to invest in the construction of 12 feed factories, in Singapore set up a regional center for overseas business.　　According to the New Hope Group last year, the development of overseas strategic planning, the next five years, will be built overseas 15~20 factory, is expected to 2011 overseas sales will be more than 2 billion yuan, profit of about 200 million yuan.　　The Chinese-Austrian species, which has teamed up with new hopes, is an agricultural company that has been listed on the NYSE, and a new company that has been invested by both sides has launched a takeover of Pggwrightson.　　The acquisition of the Pggwrightson is New Zealand's largest agricultural services company, mainly engaged in agricultural, animal husbandry and so on, its grass species business ranked first in the southern hemisphere, the new hope is the fancy of its grass business. For New Hope, this means a further step towards the top of the industry chain. The core of animal feed is protein quality, and grass is one of the important components.　　Zhang Tianli that the high scientific and technological content of Pggwrightson will help to improve the protein content and will have great strategic significance to the new Hope Group's medium and long term development. The New Hope Industry fund was set up by the new Hope Group last March, the main investment in large agriculture, pan food industry, last year, led the new Hope Group to 106 million yuan investment in the new market, the new market has undertaken 70% of Beijing's vegetables and 80% of fruit supply, sales over 29 billion yuan last year,　　is currently preparing for listing matters, is the new Hope Group chairman Liu very optimistic about one of the projects. New Hope last year feed sales close to 14 million tons, meat sales close to 2 million tons, sales are expected to continue to add about 10 billion yuan. In addition to feed main industry, around the agricultural and pastoral industrial chain, Liu said will continue to expand the scale, grasping both ends (including breeding seedlings and other upstream and agricultural products deep-processing, terminal sales downstream), with the middle (feed business). At the same time, Liu said, will continue to moderate participation in bio-technology, rural finance, agricultural circulation and other projects. Liu said the new hope of the second five-year planning goal is to become a world-class agricultural and pastoral enterprises, the total sales to hundreds of billions of dollars, the industry chain stronger and more qi.