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BUSINESS & TECH

Beverage Maker Guzzles Up New Investment From National Food Giant

By Coco Feng
COFCO’s CPMC Holdings Ltd. packaging unit plans to buy about 30% of JDB Group subsidiary Qingyuan JDB Herbal Plant Technology Co. Ltd. Above, COFCO hosts an exhibition booth at the 13th Cross-Straits Technology and Projects Fair in June 2015 in Fuzhou, Fujian province. Photo: Visual China
COFCO’s CPMC Holdings Ltd. packaging unit plans to buy about 30% of JDB Group subsidiary Qingyuan JDB Herbal Plant Technology Co. Ltd. Above, COFCO hosts an exhibition booth at the 13th Cross-Straits Technology and Projects Fair in June 2015 in Fuzhou, Fujian province. Photo: Visual China

Chinese herbal tea maker JDB Group has secured a major new investment from state-owned food giant China National Cereals, Oils and Foodstuffs Corp. (COFCO), winning needed financial support after a difficult period due to a trademark dispute.

COFCO’s CPMC Holdings Ltd. packaging unit announced Thursday it plans to buy about 30% of JDB subsidiary Qingyuan JDB Herbal Plant Technology Co. Ltd.

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