Charoen Pokphand Group takes stand against Hong Kong demonstrations
Thai conglomerate Charoen Pokphand (CP) has taken out advertisements in Hong Kong newspapers calling for an end to public demonstrations in the city.
CP took out full-page advertisements on the front page of leading local Cantonese language dailies Sing Tao Daily and Oriental Daily with three slogans calling on the city to “control violence and disorder,” “safeguard rule of law,” and “promote common prosperity.”
The Chinese government has pressured large corporations to voice their support for law and order in Hong Kong since protests grew in scale over the past month – but few have been as enthusiastic as CP, which is seeking to grow its presence as a vertically integrated player in China.
Trading in mainland China as “Zheng Da,” CP has become a major player in the Chinese seafood space through its local aquaculture operations as well as in the distribution of imported seafood in local retailers around the country. The firm is also a leading player in the feed market in addition to operating significant pig farming operations in China, making it a sought-out partner for local governments and agricultural firms across China.
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