COFCO Group establishes a 200 million yuan reserve oil and grain management company.

Tianyancha App shows that recently, China National Cereals, Oils and Foodstuffs Corporation Reserve Oil Management Co., Ltd. and China National Cereals, Oils and Foodstuffs Corporation Reserve Grain Management Co., Ltd. were established, with Li Chengkun and Sun Bao as the legal representatives respectively. The registered capital of both companies is 100 million RMB. Their business scope includes grain and oil warehousing services, grain purchase, primary agricultural product purchase, etc. Both of the above-mentioned companies are wholly owned by China National Cereals, Oils and Foodstuffs Corporation Industrial Investment Co., Ltd.