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COFCO shake-up gains pace

By Zhong Nan | China Daily | Updated: 2016-07-19 07:26

Food giant says that it will establish 18 new specialized companies

State-owned China National Cereals, Oils and Foodstuffs Corp, the country's biggest food trader, on Monday announced further moves to streamline its operations, saying it would establish 18 new specialized companies.

It said these companies will be responsible for its grain, sugar, edible oils, meat and other agricultural commodity businesses.

COFCO shake-up gains pace

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