China Everbright Ltd. (CEL) says its RMB Mezzanine Fund II has made an investment in Sichuan Dekang Agriculture Technology Ltd., a Chinese hog farming and quality chicken farming operator, the company said during the weekend.
The investment was completed this month, but no financial details were revealed.
Following the deal, the CEL fund will be actively involved in the company’s bolt-on acquisitions, financing activities, and implementation of modern corporate governance in order to drive Sichuan Dekang’s growth in the modern agriculture industry.
"As a manufacturer and supplier of meat, eggs and dairy products, we have the social responsibility to provide safe and quality household products to consumers, helping them live the best quality life possible," said Wang Degen, a co-founder of Sichuan Dekang.
Sichuan Dekang was co-founded in 2006 by Chen Yuxin, founder and chairman of Huaxi Hope Group and Wang Degen, president of Huaxi Hope Group, one of the largest animal feed producers in China.
The company specializes in hog farming and quality chicken farming, with hog breeds sourced from Canada. It has adopted a computerized management system and utilizes an intelligent genetic breeding program to ensure a consistent breeding process.
Sichuan Dekang has built and managed more than 30 hog farming subsidiaries and is now one of the largest livestock farming companies in Southwest China, the company said.
"Hope Group runs one of the most successful businesses in China. Having set up a number of successful companies, they have catered to consumers’ need for better environment, safer food and higher-quality consumer products," said Chen Shuang, chief executive officer of CEL.