Yihai Kerry Arawana Holdings Co., Ltd Announces Establishment of Subsidiaries and Associated Company
September 25, 2020 at 05:58 am EDT
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Wilmar International Limited announced the establishment of subsidiaries and associated company: Wilmar Oleo Industries Development (Lianyungang) Co. Ltd. (China Subsidiary) and Yihai Kerry (Qinhuangdao) Plant Protein Technology Co. Ltd. (China Associated Company). Wilmar Oleo Industries Development (Lianyungang) Co. Ltd. ("WOleo") is a direct wholly-owned subsidiary of Yihai Kerry Arawana Holdings Co. Ltd. ("YKA"), which is in turn, an indirect 99.99% owned subsidiary of Wilmar. WOleo has a registered capital of RMB 100,000,000. WOleo will engage in generating and providing electricity. Yihai Kerry (Qinhuangdao) Plant Protein Technology Co. Ltd. ("YK Qinhuangdao") is a direct 31% owned associated company of YKA. YK Qinhuangdao has a registered capital of RMB 15,000,000. The remaining 69% of the registered capital of YK Qinhuangdao is held by: Fanghui (Tianjin) Biotechnology Development Co., Ltd, a party not related to Wilmar (49%); and Jiafeng Yida (Tianjin) Industry Development Co., Ltd, company owned by certain employees of YKA (20%).
Yihai Kerry Arawana Holdings Co., Ltd. specializes in the manufacture and marketing of food products, oils and food ingredients. The group offers edible and industrial animal and vegetable oils, edible fats, cereal products (rice, wheat, corn, soybeans, etc.), flour, noodles, animal feed, food additives, canned foods, etc.