Clifford Chance advised LDC (China) Trading Company Limited (LDC China), a subsidiary of Louis Dreyfus Company, on its acquisition of Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co., Ltd., which owns and operates oilseeds crushing and refining facilities in the Lingang Economic Area within Tianjin’s Binhai New Area district.
The transaction was agreed to in November 2017 with the seller Sinarmas Natural Resources (China) Investment Co., Ltd., which is a subsidiary of Singapore-listed Golden Agri-Resources Ltd., and closed on 2 April 2018 following receipt of customary approvals. LDC China is a major supplier of soybeans to the domestic crush industry, and already operates three soybean crushing facilities in Hebei, Jiangsu and Guangdong provinces, supplying soybean meal to major and local feed mill groups that produce animal feed, as well as edible oils for food companies.
China Co-Managing Partner Terence Foo (picture) led the deal and was supported by counsel Hong Zhang, associates Ethan Ying and Iris Liu, and trainee Lan Jiangzhou in the Beijing office.
Law Firms: Clifford Chance;
Clients: LDC (China) Trading Co., Ltd.;