Overseas Investment Projects


In November 2017, CITIC Agri Fund, together with Long Ping High-Tech, completed the acquisition of Dow AgroSciences' corn seed business in Brazil for a purchase price of USD1.1 billion. The acquisition includes a copy of Dow's Brazilian corn germplasm bank, production sites, research centers, and the ownership of dominant trademarks. CITIC Agri Fund and Long Ping High-Tech will accelerate global integration plan, in order to support Long Ping High-Tech to grow from a Chinese domestic market leader into a globally leading seed company. This transaction marks a milestone in Long Ping High-Tech's global expansion.