Deal #151

Location #1

Spatial accuracy level
Administrative region
Location
Jiangsu, China

Target country
China

Location #2

Spatial accuracy level
Administrative region
Location
Fujian, China

Target country
China

Location #3

Spatial accuracy level
Administrative region
Location
Jilin, China

Target country
China

Location #4

Spatial accuracy level
Administrative region
Location
Hebei, China

Target country
China

Location #5

Spatial accuracy level
Administrative region
Location
Hubei, China

Target country
China

Location #6

Spatial accuracy level
Administrative region
Location
Shaanxi, China

Target country
China

Location #7

Spatial accuracy level
Administrative region
Location
Hunan, China

Target country
China

Location #8

Spatial accuracy level
Administrative region
Location
Tianjin, China

Target country
China

Location #9

Spatial accuracy level
Administrative region
Location
Shandong, China

Target country
China
Comment on location
company has 30 production bases across China

Land area

Size under contract (leased or purchased area, in ha)
[2001] 1333
[2016] 44282
[2002] 4162
[2002] 8040
[2005] 12567
[2013] 40541
Size in operation (production, in ha)
[2016] 26699
Comment on land area
The figures for "land under contract" are taken from Annual Reports. However, apart from production bases on leased lands, the company is supplied by farms owned by associates (see Annual Report 2005/2005, p. 8)

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
several different leases

Negotiation status

Negotiation status
[2001] Concluded (Contract signed)
Comment on negotiation status
"On 26th July 2001, the Group entered into three lease agreements totalling approximately 20,000 mu of farmland in Nanjing, PRC for a term of 30 years" (Annual Report 2001:61). It seems that these ones were the first acquisitions. In subsequent years, the company expanded its area size by means of further land agreements and acquisitions (see the company's annual reports).

Implementation status

Implementation status
[2000] Startup phase (no production)
[2007] In operation (production)

Leasing fees

Comment on leasing fees
vegetable land: RMB 3000 prepaid premium per mu/annual rent of RMB 300-500 fruit and tea gardens: lease term X a pre-agreed annual rent; annual rent varies for different types of land

Contract farming

Contract farming
Yes
On leased / purchased area
Yes

Contract #1

Contract date
2001-07-26
Duration of the agreement (in years)
20

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2016] 23000

Operating company

Comment on investment chain
different primaries

 

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Data source #1

Data source type
Company sources
File
Date
2010-01-01
Comment on data source
Company website, Annual Reports

Data source #2

Data source type
Company sources
File
Date
2007-01-01

Data source #3

Data source type
Company sources
File
Date
2007-01-01

Data source #4

Data source type
Company sources
File
Date
2011-02-01

Data source #5

Data source type
Media report
File
Date
2013-01-01

Data source #6

Data source type
Company sources
File
Date
2016-06-30

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Fruit (unspecified), Onion, Peas, Potatoes, Rice, Sweet Potatoes, Tea, Trees (unspecified), Vegetables (unspecified), Pepper

Use of produce

Has export
Yes
Country 1
Japan
Country 2
Republic of Korea
Country 3
United States of America

July 27, 2017, 5:13 p.m.

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Aug. 22, 2016, 6:53 p.m.

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Oct. 15, 2013, 5:02 p.m.

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March 7, 2013, 6:58 p.m.

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Feb. 15, 2013, 4:59 p.m.

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