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August 1, 2019

Chinese seafood group Guolian invests in India peer Royale Marine

Zhanjiang Guolian Aquatic Products Co., a China-based marine food processing company, is to buy a minority stake in an Indian shrimp processor.

By Dean Best

Zhanjiang Guolian Aquatic Products Co., a China-based marine food processing company, is to buy a minority stake in Indian shrimp processor Royale Marine IMP-EX.

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Guolian has signed a deal to subscribe to just over 7.25m newly-issued shares in Royale Marine IMP-EX in a deal worth US$4m.

Following the transaction, Guolian will hold 25.3% stake in Royale Marine, becoming the second-largest shareholder in the company, a filing with the Shenzhen Stock Exchange said.

Guolian, founded in 2001, has developed into a business taking in aquatic seedling, farming, feed, processing, trading. The company listed on the Shenzhen Stock Exchange.

The company markets products including shrimp and tilapia, exporting to more than 40 countries.

Guolian’s stock-exchange filing said Andhra Pradesh-based Royale Marine’s products are “mainly” sold to China, the US and the EU.

Setting out the rationale for the investment, Guolian said: “Based on the judgment of industrial environment changes such as raw material supply and market demand, the company will focus on developing China and non-US homes and other markets, focusing on developing south-east Asia, South America and other places of origin, using business cooperation and equity investment, etc. – a variety of ways to continuously deepen the company’s sales and procurement layout, and create core competitiveness such as global operations.”

Related Companies

Free Report
img

How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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