China's COFCO Capital draws over $1b from new state, private shareholders

China's COFCO Capital draws over $1b from new state, private shareholders

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

A group of state and private companies will invest a total of 6.9 billion yuan ($1.04 billion) in COFCO Capital, a subsidiary of state-run agribusiness COFCO Group, according to a notice published on Monday on a state investment platform.

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