New Hope's first overseas M & A expansion: plans to acquire New Zealand company (VC296) for US $ 200 million

2024-06-25 14:05:18
New Hope, which has just completed its reorganization, has made new moves in overseas markets. A few days ago, New Hope Group and Huaao Species wanted 50.1% to control PGG Wrightson, an agricultural services company in New Zealand. It can be reached by the end of the month. "Zhang Tianli, manager of the New Hope Industrial Fund, said.
This is the first time that New Hope has expanded overseas through mergers and acquisitions. As early as 1996, New Hope has entered the overseas market, but most of them have invested in the construction of factories. Its investment in Vietnam, Cambodia, Philippines, Indonesia, Bangladesh and other countries It has established 12 feed factories and established a regional center for overseas business in Singapore. According to the overseas strategic plan formulated by New Hope Group in 2010, 15 to 20 factories will be built overseas in the next five years. It is estimated that the overseas sales will exceed 2 billion yuan in 2011 and the profit will be about 200 million yuan.
Huaao Species, which joined forces with New Hope, is a domestic agricultural company that has been listed on the New York Stock Exchange. A new company invested by the two parties launched the acquisition of PGG Wrightson.
The acquired PGG Wrightson is New Zealand's largest agricultural service company, mainly engaged in agricultural resources, animal husbandry, etc., its grass seed business ranks first in the southern hemisphere, and New Hope is just looking at its grass seed business.
For New Hope, this means that it will take another step towards the upper end of the industrial chain. The core of the entire animal feed is protein quality, and grass is one of its important components. Zhang Tianli believes that PGG Wrightson's higher grass seed technology content will help it increase its protein content and will have great strategic significance for the New Hope Group's mid- to long-term development.
The New Hope Industry Fund was established by New Hope Group in March 2010. It mainly invested in large-scale agriculture and pan-food industries. In 2010, it led New Hope Group to invest in the Xinfadi Farmers' Market with an investment of 106 million yuan. With 70% of vegetables and 80% of fruit supply in Beijing, sales in 2010 exceeded 29 billion yuan, and is currently preparing for listing. It is one of the projects that New Hope Group Chairman Liu Yonghao is very optimistic about.
New Hope's feed sales in 2010 are close to 14 million tons, and meat sales are close to 2 million tons. It is expected that sales will continue to increase by about 10 billion yuan. In addition to the main feed industry, around the agricultural and animal husbandry industry chain, Liu Yonghao said that he will continue to expand its scale, focusing on both ends (including upstream in breeding and seedling raising and downstream in the deep processing of agricultural products, terminal sales, etc.), and intermediate (feed business). At the same time, Liu Yonghao said that he will continue to participate in projects such as biotechnology, rural finance and agricultural products circulation. Liu Yonghao said that the second five-year plan of New Hope is to become a world-class medium-sized farming and animal husbandry enterprise, with total sales of more than 100 billion yuan and a stronger and more integrated industrial chain.
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Curtain Rod Splice

In today's home decoration market, various types of Curtain Rod connection rods emerge endlessly, providing consumers with a wealth of choices. This article will introduce the different types of curtain rod connection rod and their characteristics in detail to help you better understand the market and choose the product that is right for you.

First, classification by material

1. Iron connection rod: This connection rod is usually made of cast iron or forged iron, which is durable and affordable. However, the iron connection rod may not be aesthetically pleasing and is prone to rust.
2. Stainless steel connecting rod: Stainless steel is a kind of corrosion-resistant and wear-resistant metal material, so stainless steel connecting rod is becoming more and more popular in the market. The stainless steel connection rod is beautiful in appearance, easy to clean, and has a long service life.
3. Aluminum alloy connecting rod: Aluminum alloy connecting rod has the characteristics of light, beautiful, easy to install, suitable for modern simple style of home decoration. However, aluminum alloys are not as strong and corrosion-resistant as stainless steel.

2. Classification by use

1. Fixed connection rod: Fixed connection rod is usually used to fix the curtain rod to the wall, suitable for places without Windows or where the curtain needs to be fixed.
2. Roller-type connecting rod: The roller-type connecting rod enables the curtain to slide easily through the pulley system, which is suitable for situations where the position of the curtain needs to be adjusted frequently.
3. Telescopic connecting rod: The telescopic connecting rod can be adjusted according to the size of the window, suitable for different sizes of Windows, saving space and easy to use.

3. Classification by style

1. Traditional style: Traditional style connecting rod is usually straight rod or curved shape, suitable for traditional or retro style home decoration.
2. Modern simple style: The modern simple style connection rod is usually designed for simple lines, which is suitable for modern or minimalist style home decoration.
3. Creative design style: The creative design style connection rod is more personalized, such as with flowers and birds, geometric patterns, etc., to add a touch of art to the home.

4. Other features

1. Material surface treatment: Many connecting rods are coated on the surface, such as galvanized, spray, etc., to improve rust prevention and aesthetic appearance.
2. Material color: In addition to the common white and black, there are now many other colors of the connection rod to choose from, such as gold, silver, gray, etc., to add a highlight to home decoration.
3. Installation mode: Some connecting rods support wall-mounted installation and floor installation to meet the needs of different scenarios.

Summary: When choosing a curtain rod connection rod, you need to choose the right type according to your home style, budget and usage needs. By understanding the various types and features, you can easily find the right product for you. Hopefully, this article will help you make an informed decision when choosing a curtain rod connection rod.

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