Cofco subsidiary aims for major dim sum deal

28 May 2011

Right Century, a unit under Chinese conglomerate Cofco, plans to raise Rmb4 billion-Rmb6 billion via a three-year offshore renminbi bond issue. Should it materialise it will be the biggest dim sum deal this year.

Right Century, a meat-processing unit of Cofco, China’s leading grains, oil and foodstuff importer and exporter, plans to raise Rmb4 billion-Rmb6 billion via a three-year offshore renminbi bond issue.

If the conglomerate succeeds with its ambitious plan it would have conducted the biggest dim sum deal this year, ...

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