On 19 Nov., 2015, Henan Lotus Flower Gourmet Powder Co., Ltd. (Henan Lotus) revealed that it plans to purchase 54.6% shares of Zhongrun Financial Leasing (Shanghai) Co., Ltd. (Zhongrun Leasing) with USD94.5 million.
On 2 Nov., 2015, the Ministry of Agriculture of China published the Guidance Opinions on Corn Structure Adjustment in the Liandaowan Region, according to which the planting area of corn in the Liandaowan Region shall be stabilized at 6.7 million ha in 2020, decreasing by 3.3 million ha over the present (corn output shall decline by 21 million tonnes); focus shall be laid on the development of forage corn, soybean, high-quality forage grass, coarse cereals and beans, spring wheat, economic forest and fruits as well as plants with ecological function.
Affected by the oversupply, the domestic lysine price has been dropping since Sept., from USD1,472/t to USD1,258/t in Nov.
During 25-30 Oct., 2015, the King and Queen of the Netherlands visited China. During the national banquet, Shaanxi Jinzhong Changxin Agricultural Technology Co., Ltd. (Jinzhong Changxin) signed a contract with Creo and Thomas from the Netherlands about production equipment of 10,000t/a potato powder and 40,000t/a potato chips, which was valued at EUR12 million.
On 30 Oct., 2015, Northeast Pharmaceutical Group Co., Ltd. (Northeast Pharmaceutical) published its prediction on the whole year performance of 2015, saying that its estimated net loss in the report period will be USD53.5 million-USD59.8 million. In 2014, it earned a net profit of USD13.7 million.
For Henan Lotus Flower Gourmet Powder Co., Ltd. (Henan Lotus), 2015 is the first year in its reform. It introduced industry capital and advanced management team as well as explored its development road to realize a renaissance of its old brands. Recently, it launched new products to display its new self.
On 2 Nov., 2015, under the witness of the Chairman of China, Xi Jinping and President of France, Hollande, Guangxi Sungain Sugar Group Co., Ltd. (Guangxi Sungain), which is one of the top 500 private Chinese enterprises and top 8 of sugar-making enterprises in Guangxi, signed a project cooperative agreement with the world’s yeast giant, France Lesaffre Group (Lesaffre).
On 3 Nov., 2015, Star Lake Bioscience Co., Inc. Zhaoqing Guangdong (Star Lake Bioscience) announced that it had decided to stop its major asset reorganization. Its stock resumed transaction from the day onward.
On 27 Oct., 2015, Meihua Biotechnology Group Co., Ltd. (Meihua Bio) announced that to further integrate its company resources, reduce management levels, improve asset operation efficiency, save management expenses and lower operation management costs, it had decided to cancel one of its wholly-owned subsidiaries, namely Langfang Meihua Biotechnology Co., Ltd. (Langfang Meihua).
In early Oct. 2015, the National Development and Reform Commission published the application conditions and allocation principles of China’s grain import quota in 2016, which are basically the same as last year. Specifically, the quotas for grain import in 2016 are: 9.6 million tonnes of wheat and non-state- run trade proportion is 10%; 7.2 million tonnes of corn and non-state-run trade proportion is 40%; 5.3 million tonnes of rice (2.7 million tonnes of long-grain rice and middle and short-grain rice respectively) and non-state- run trade proportion is 50%.
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