Salmon-farming pioneer in China sells out to state conglomerate

After a decade of trying to be China’s top local producer, China’s salmon farming pioneer has sold its assets to a state-owned conglomerate. Shandong, China-based Oriental Ocean has gotten CNY 226 million (USD 31.6 million, EUR 29.3 million) for its “salmon-raising facilities” in the Dajijia industrial zone, near the city of Yantai on China’s east coast, according to a company letter to investors. The buyer is a new joint venture controlled by state-owned behemoth holding company Qingdao Guoxin…

SeafoodSource Premium

Become a Premium member to unlock the rest of this article.

Continue reading ›

Already a member? Log in ›


Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500