China-based Shandong Ruyi Group has completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia.
China-based Shandong Ruyi Group has completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia.#
The completion of equity settlement for acquisition of Australia’s largest cotton production base required Au$ 230 million. The initiative was led by Ruyi Group, which also had one Australian company as a co-sponsor.
China-based Shandong Ruyi Group has completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia.#
Since the acquisition process is now complete, Shandong Ruyi Group will now be able to obtain a stable source of high-quality cotton.
China-based Shandong Ruyi Group has completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia.#
In the process, the Chinese company may also be able to influence Australian cotton production and export pricing.
China-based Shandong Ruyi Group has completed the process for acquisition of Cubbie cotton field, located in the southeast of Queensland in Australia.#
Fibre2fashion News Desk - China
marketing@alchempro.com
