Zhongyin Lawyers Help China CO-OP Group Acquire 100% Stock Right of China Airlines International Grain and Oil Trading Co., Ltd.
On February 9th,
2018, China CO-OP Group completed the acquisition of 100% equity of China
Airlines International Grain and Oil Trading Co., Ltd., after Aviation Industry
Corporation of China, become an invisible leader in the domestic grain and oil
industry, and assume the task of purchasing and stockpiling agricultural
We are a special legal
advisor of the China CO-OP Group on this acquisition. Senior partner Yan Penghe
lawyers team provide professional legal services to them, help both parties to
solve the problem of state-owned asset trading supervision and coordinate the
smooth transition of policy-related purchasing and storage qualifications.
The controlling party of AVIC
International Grain & Oil Trading Co., Ltd. is China Aviation Technology
International Holdings Co., Ltd., and the parent company is Fortune 500 China
Aviation Industry Corporation. The predecessor of the company was Shanghai
Pudong Aviation Supply and Marketing Co., Ltd., established in 1993. In 2009,
it has already engaged in the business of soybean meal sales. In 2010, its bulk
agricultural trade was listed as one of the key development projects in the
12th Five-Year Plan of the Aviation Industry Department of China. Completed the
reorganization in 2011 and established "AVIC International Grain & Oil
Trading Shanghai Co., Ltd. In 2014, it was renamed "AviChina International
Grain Oil Trading Co., Ltd." and became a leading professional
agricultural product operator in China.
AVIC International Grain
& Oil Trading Co., Ltd. is involved in the collection, storage, processing,
trade, service business, and international trade and futures businesses of
various types of agricultural products such as corn, wheat staples, soybean
meal, vegetable crops, etc. It has established several food storage bases in
the three northeastern provinces, Henan, and Hebei, which are the main grain
producing areas in China. And it has established an industrial park based on
processing and trading of feed ingredients in Hubei, and established a number
of wholly-owned, holding companies and branches in the main agricultural
production areas and trading centers in Shandong, Jiangxi, and Xinjiang.
China CO-OP Group is China's
large-scale agriculture-related circulation industry group approved by the
State Council, and it is the "national team" of system enterprises
established by the All-China Federation of Supply and Marketing Cooperatives.
The acquisition will further increase the status of China CO-OP Group in the
field of agricultural trade and realize the layout of the Group's grain and