Companies

COFCO eyes dual listing in 3 years

(Agencies)
Updated: 2010-08-06 13:03

COFCO aims to list A and H shares within the next three years, a Chinese newspaper said on Friday.

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COFCO, parent of China Agri-Industries Holdings and China Foods, also intends to merge its non-listed property business with its mainland listed real estate unit COFCO Property (Group), creating an entity with a combined asset value of about 100 billion yuan ($14.8 billion), Apple Daily said.

COFCO aims to kick off 20 large scale commercial property development projects in the next five to 10 years. The projects will have a total asset value of 70 billion yuan, the newspaper said.

It gave no further listing details.