Sunday, December 12, 2010

Fujian Fusheng to cater to McDonald's chicken needs

[13 December 2010]
China's Fujian Sunner Development Co Ltd has entered into an agreement with Leges Corporation to form a joint venture, Fujian Fusheng Agriculture and Livestock Development Co Ltd to produce and supply chickens to McDonald's Corporation. Leges is a US-based manufacturer, processor and distributor of beef, poultry and fish products
. Fujian Fusheng will have a registered capital of CNY 200 million (USD 30.09 million). Fujian Sunner will invest CNY 102 million (USD 15.34 million) for a 51% stake, while Leges will invest CNY 98 million (USD 14.74 million) for the remaining 49% stake in the joint venture.

No comments: