The agribusiness firm is reportedly teaming up with Mitsui and Archer Daniels Midland to establish a corporate venturing fund that will operate outside of China.
China-based agribusiness company the New Hope Group will reportedly launch an overseas investment fund, worth $200m, according to comments made by Liu Yonghao, chairman of New Hope, on November 16th. Wang Hang, vice president of New Hope, confirmed the news last Monday.
The fund will be run in conjunction with US-based agribusiness conglomerate Archer Daniels Midland (ADM), Japan-based conglomerate Mitsui and the Singapore government-backed investment fund Temasek Holdings.
Hang also disclosed that the fund would focus on food safety, food…
