1 Jul 2008 13:08
PURECIRCLE LIMITED
("PureCircle" or "the Company")
STRATEGIC PARTNERSHIPS WITH MAJOR AGRIBUSINESS AND
FOOD INGREDIENTS BUSINESSES
- partnerships set to strengthen PureCircle's supply chain and accelerate sales and distribution capabilities
- investment vehicle purchases 20% shareholding in PureCircle and will appoint a director to the Board
The Board of PureCircle is pleased to announce that it has agreed to enter into strategic partnerships with Wilmar International Limited ("Wilmar") and Olam International Limited ("Olam") (collectively "the Partnerships").
In connection with the transaction, Wilmar and Olam through a 50:50 owned investment vehicle Olam Wilmar Investments Holdings Limited ("OWIH"), has purchased a 20% shareholding in PureCircle and will have a seat on PureCircle's Board.
Strategic Partnerships
Wilmar is Asia's leading agribusiness group, engaged in the origination and processing, through to branding, merchandising and distribution of a wide range of agricultural products. Headquartered in Singapore, its operations are located in more than 20 countries across four continents, with a primary focus on Indonesia, Malaysia, China, India and Europe.
Olam is a leading, global integrated supply chain manager of agricultural products and food ingredients. It is well known for its strong origination skills, marketing and solutions, risk management, and trading and distribution expertise. Olam has extensive interests in 56 countries across Africa, Asia and Middle East, Americas and Europe.
Olam and Wilmar are both listed on the mainboard of the Singapore Exchange with a combined market capitalization of more than US$25 billion.
Wilmar and Olam will bring their substantial experience in agribusiness origination, processing and merchandising to support and accelerate the fast growth of PureCircle's natural sweeteners business. In particular, the Partnerships will focus on strengthening further PureCircle's market leading global supply chain capacity and accelerating the Company's sales with OWIH's global sales and distribution network.
The Partnerships will seek to increase stevia production globally through developing new plantations and expanding stevia extract facilities whilst PureCircle's supply chain will be strengthened by having access to the Partnership's extensive and efficient purchasing, warehousing and logistics capabilities, particularly in China.
Equity Investment
On 1 July 2008, OWIH purchased 26,544,609 shares (20% of the issued capital) in PureCircle. 23,728,155 shares were purchased from Asian Investment Partners Limited and Artur and Aslan Tomov and 2,816,454 shares from PrimePartners Asia Merchant Capital Holdings Limited at a price of £2.01 per share.
In view of the nature of the transaction, the lock-in arrangement relating to Mr Aslan Tomov's shareholdings was waived by the Company's broker. Through the transaction, Asian Investment Partners Limited and Artur and Aslan Tomov have disposed of substantially all their shareholdings in PureCircle and their combined holding is now below 1% of the Company's issued share capital. PrimePartners Asia Merchant Capital Holdings Limited has also ceased to be a substantial shareholder in PureCircle.
Board Changes
On completion of the Partnerships, Mr Kuok Khoon Hong, the Chairman and CEO of Wilmar, will be appointed to the PureCircle Board as a Non Executive Director.
Also on completion, Mr Aslan Tomov will resign as an Executive Director of PureCircle.
Commenting on the transaction, Paul Selway-Swift, Chairman of PureCircle, said:
"This news today is of major significance for PureCircle and will bring us a number of major opportunities. Wilmar and Olam are world leaders in the global agribusiness and food ingredients industries and will be excellent strategic partners with the vision, ambition and capability to accelerate the growth of the emerging natural sweeteners and stevia markets globally and to strengthen PureCircle's leading position within that market."
Commenting on Mr Aslan Tomov's resignation, Magomet Malsagov, Managing Director of PureCircle, said:
"The Tomov family has been instrumental in the creation of PureCircle. The Company and its shareholders will always owe them a debt of gratitude for enabling the business to get started. We wish them well and thank them for all that they have done for the Company."
1 July 2008
About PureCircle
Listed on the AIM market in London since December 2007 with a current market capitalisation of US$507 million, PureCircle markets a range of natural high intensity sweeteners internationally operating from an integrated supply chain. Activities range from sourcing of dry stevia leaves and extraction in China, refining of crude extracts into sweeteners in Malaysia and marketing of these sweeteners to food and beverage manufacturers worldwide. PureCircle holds patents for processing stevia extracts into Reb-A, a natural sweetener with purity of up to 97%, the purest form of natural sweeteners available in the market today.
The global high-intensity sweetener ("HIS") market, estimated at US$1 billion, has been growing at an average rate of 4% per annum. Artificial non-caloric sweeteners such as aspartame, sucralose, saccharin and cyclamate currently dominate the HIS market but faces the threat of being substituted by natural sweeteners as consumers become increasingly concerned over the side effects of consuming artificial sweeteners and are seeking natural alternatives for a healthier diet.
The majority of the consumption of these low/zero calorie, high-intensity sweeteners comes from North America and Europe which account for 44% and 21% out of total consumption. Artificial sweeteners currently dominate the HIS market. Stevia-based sweeteners are not yet permitted for use as a food ingredient in the US and Europe. Stevia-based sweeteners have already been accepted as a food ingredient in other parts of the world including China, Japan, Korea, Taiwan, Brazil, Paraguay, Colombia and Argentina as well as Malaysia, Vietnam, Indonesia and Thailand, all which are large and growing economies.
In addition PureCircle's product range lends itself well for complementary use with sugar, thereby opening up larger markets than just the current synthetic HIS markets. The market for the natural Reb-A based sweeteners is therefore expected to grow significantly due to substitution of artificial sweeteners and sugar once regulatory approval has been obtained in the US and Europe.
PureCircle has sales, marketing and supply chain presence in four continents
More information on PureCircle can be found at www.purecircle.com.
About Wilmar International
Wilmar International Limited, founded in 1991 as a palm oil trading company, is today Asia's leading agri-business group. It is amongst the largest listed companies by market capitalisation on the Singapore Exchange. Its business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing & merchandising, specialty fats, oleochemicals & biodiesel manufacturing, and grains processing & merchandising. Headquartered in Singapore, its operations are located in more than 20 countries across four continents, with a primary focus on Indonesia, Malaysia, China, India and Europe. Backed by a staff force of more than 67,000 people, over 160 processing plants and an extensive distribution network, its products are sold to more than 50 countries globally.
Over the years, it has established a resilient integrated agribusiness model that captures the entire value chain of the agricultural commodity processing business, from origination and processing to the branding, merchandising and distribution of a wide range of agricultural products. Though scale, integration and the logistical advantages of its business model, it is able to extract margins at every step of the value chain, resulting in significant operational synergies and cost efficiencies.
About Olam International
Olam is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 16 products with a direct presence in 56 countries and supplying them to over 4,000 customers in more than 60 destination markets. With direct sourcing and processing in most major producing countries for its various products, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and teak wood. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), MSCI Singapore Free and DAXglobal Agribusiness Index. More information on Olam can be found at www.olamonline.com.
| Enquiries | |
| PureCircle | +60 3 2093 9333 |
| Magomet Malsagov, Managing Director | |
| William Mitchell, Group Finance Director | |
| College Hill | +44 20 7457 2020 |
| Mark Garraway | |
| Robert Pugsley | |
| RFC Corporate Finance (Nomad) | +61 8 9480 2500 |
| Stephen Allen | |
Attachment
Mr Kuok Khoon Hong
Mr Kuok Khoon Hong, aged 59, is the Co-founder, Chairman and CEO of Wilmar International Limited. He is in charge of overall management, operations, directions and strategic operations, with a particular focus on new business developments. He has extensive experience in the industry and has been involved in the grain, edible oils and oilseed business since 1973.
Mr Kuok has completed many projects involving the establishment of oil palm plantation in Asia and the processing of grains, edible oils and oilseeds. He has held several key executive positions in various companies, including General Manager of Federal Flour Mills Bhd from 1986 to 1991, and Managing Director of Kuok Oils & Grains Pte Ltd from 1989 to 1991.
Mr Kuok graduated from the then University of Singapore with a Bachelor of Business Administration degree.
No additional disclosures are relevant to the appointment of Mr Kuok Khoon Hong under Schedule Two of the AIM Rules.
Current Directorships / Partnerships
| Position | Full Company Name | Country of Incorporation |
| Position | Full Company Name | Country of Incorporation |
| Chairman & CEO | Wilmar International Limited | Singapore |
| Managing Director | Wilmar Holdings Pte. Ltd. | Singapore |
| Managing Director | Wilmar Trading Pte. Ltd. | Singapore |
| Director | Josovina Commodities Pte. Ltd. | Singapore |
| Director | Wilmar-ADM Investments Holding Pte. Ltd. | Singapore |
| Managing Director | Longhlin Pte. Ltd. | Singapore |
| Director | Hong Lee Holdings (Pte.) Ltd. | Singapore |
| Director | KHS & Sons Pte. Ltd. | Singapore |
| Director | Secura Singapore Pte. Ltd. | Singapore |
| Director | Secura Forms Pte. Ltd. | Singapore |
| Director | Security Printers (S) Pte. Ltd. | Singapore |
| Director | Wilmar Oleo Pte Ltd (previously known as KemOleo Pte Ltd) | Singapore |
| Director | DelMar Pte. Lte. | Singapore |
| Director | Wii Pte. Ltd. | Singapore |
| Director | HPRY Pte. Ltd. | Singapore |
| Director | Wilmar Seed Investments Pte. Ltd. | Singapore |
| Director | Wilmar-Delta Holdings Pte. Ltd. | Singapore |
| Director | Wilmar Edible Oils Sdn. Bhd. | Malaysia |
| Director | Josovina Commodities Sdn. Bhd. | Malaysia |
| Director | TSH-Wilmar Sdn. Bhd. | Malaysia |
| Director | TSH-Wilmar (BF) Sdn. Bhd. | Malaysia |
| Director | Homeland View Sdn. Bhd. | Malaysia |
| Director | Hak Suria Sdn. Bhd. | Malaysia |
| Director | Kuok Hock Swee & Sons Sdn. Bhd. | Malaysia |
| Director | Hoe Sen (Mersing) Sdn. Bhd. | Malaysia |
| Director | PPB Oils Palms Berhad | Malaysia |
| Director | PT Bukit Kapurreksa | Indonesia |
| Director | PT Sinar Alam Permai | Indonesia |
| Director | PT Multimas Nabati Asahan | Indonesia |
| Director | PT AMP Plantation | Indonesia |
| Director | PT Bumipratama Khatulistiwa | Indonesia |
| Director | PT Gersindo Minang Plantation | Indonesia |
| Director | PT Mekar Bumi Andalas | Indonesia |
| Commissioner | PT Karya Putrakreasi Nusantara | Indonesia |
| Commissioner | PT Sentana Adidaya Pratama | Indonesia |
| Commissioner | PT Perkebunan Milano | Indonesia |
| Commissioner | PT Dharma Wungu Guna | Indonesia |
| Commissioner | PT Murini Samsam | Indonesia |
| Commissioner | PT Multi Nabati Sulawesi | Indonesia |
| Commissioner | PT Permata Hijau Pasaman | Indonesia |
| Commissioner | PT Karya Pancasakti Nugraha | Indonesia |
| President of Commissioners | PT Agro Palindo Sakti | Indonesia |
| President of Commissioners | PT Buluh Cawang Plantations | Indonesia |
| President of Commissioners | PT Musi Banyuasin Indah | Indonesia |
| President of Commissioners | PT Tania Selatan | Indonesia |
| Director | Cai Lan Oils & Fats Industries Company Ltd (Vietnam) | Vietnam |
| Director | KOG Food Products (Vietnam) Company Limited | Vietnam |
| Director | Wilmar Plantation Services Limited | Mauritius |
| Director | African Oil Palm Limited | Mauritius |
| Director | Wilmar International Holdings Limited | British Virgin Islands |
| Director | Technique Holdings Limited | British Virgin Islands |
| Director | Sheringham International Limited | British Virgin Islands |
| Director | Jaygar Holdings Limited | British Virgin Islands |
| Director | Longhlin Asia Limited | British Virgin Islands |
| Director | Mallfield Holdings Limited | British Virgin Islands |
| Director | Acrefield Trading Limited | British Virgin Islands |
| Director | Caffrey International Limited | British Virgin Islands |
| Director | Donwell Holdings Limited | British Virgin Islands |
| Director | Citicore Holdings Limited | British Virgin Islands |
| Director | Cambridge Glory Limited | British Virgin Islands |
| Director | HPR Investments Limited | British Virgin Islands |
| Director | Palm Groove Developments Limited | British Virgin Islands |
| Director | Twinkey Investments Limited | British Virgin Islands |
| Director | HPRY Holdings Limited | British Virgin Islands |
| Director | Poly Time Limited | British Virgin Islands |
| Director | East Ocean Oils & Grains Industries (Zhangjiagang) Co. Ltd | People's Republic of China |
| Director | Northseas Oils & Grains Industries (Tianjin) Co. Ltd | People's Republic of China |
| Director | Northsea Container (Tianjin) Co. Ltd | People's Republic of China |
| Director | Laiyang Luhua Fragrant Peanut Oil Co. Ltd | People's Republic of China |
| Director | Laiyang Luhua Seasoning Co., Ltd | People's Republic of China |
| Director | Shangdong Luhua Fragrant Peanut Oil Co., Ltd | People's Republic of China |
| Director | Laiyang Luhua Vinegar Industry Food Co., Ltd | People's Republic of China |
| Director | Laiyang Luhua Fengyi Plastics Industry Co., Ltd | People's Republic of China |
| Director | Laiyang Luhua Foodstuff Co., Ltd | People's Republic of China |
| Director | Laiyang Luhua Mineral Water Co., Ltd | People's Republic of China |
| Director | Yellowsea Oils & Grains Industries (Shangdong) Co. Ltd | People's Republic of China |
| Director | Yihai (Zhoukou) Oils & Grains Industries Co. Ltd | People's Republic of China |
| Director | Yihai (Yantai) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Lianyungang) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Qinhuangdao Goldensea Foodstuff Industries Co., Ltd | People's Republic of China |
| Director | Qinhuangdao Goldensea Speciality Oils & Fats Industries Co., Ltd | People's Republic of China |
| Director | New Century Oils & Grains (Wuhan) Co., Ltd | People's Republic of China |
| Director | Quanzhou Fortune Sea Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Qinhuangdao Goldensea Grain and Oil Industry Co., Ltd | People's Republic of China |
| Director | Qinhuangdao Tingji Oil & Fat Co., Ltd | People's Republic of China |
| Director | Yijiang (Zhangjiagang) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Chuanliang Yihai (Sichuan) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Guangzhou) Oils & Grains Co., Ltd | People's Republic of China |
| Director | Yihai (Zhoukou) Wheat Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Lianyungang) Oleochemical Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Changji) Oil & Grains Industries Co., Ltd | People's Republic of China |
| Director | Zhoukou Luhua Fragrant Peanut Oils Co., Ltd | People's Republic of China |
| Director | Great Ocean Oils & Grains Industries (Fangchenggang) Company Limited | People's Republic of China |
| Director | YueYang LuLiang New Century Oils & Grains Industries Co. Ltd | People's Republic of China |
| Director | Zhoukou Luhua Sesame Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Lianyungang) Wharf Co., Ltd | People's Republic of China |
| Director | Grand Silver International Limited | People's Republic of China |
| Director | Grand Silver (Laiyang) Co. Limited | People's Republic of China |
| Director | Grand Silver (Lanshan) Limited | People's Republic of China |
| Director | Grand Silver International Management Limited | People's Republic of China |
| Director | Grand Ocean International Trading Limited | People's Republic of China |
| Director | Pearson Investments Limited | Hong Kong |
| Director | Cheer Luck Investments Limited | Samoa |
| Director | Tihai (Lianyungang) Industry Development Co., Ltd | People's Republic of China |
| Director | Yihai Investment Co., Ltd | People's Republic of China |
| Director | Sasol Yihai (Lianyungang) Alcohol Industries Co. Ltd | People's Republic of China |
| Director | Yihai (Shijiazhuang) Oils & Grains Industries Co. Ltd | People's Republic of China |
| Director | Yihai (Zhoukou) Property Co., Ltd | People's Republic of China |
| Director | Yihai (Jiamusi) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Shanghai Yihai Commercial Co., Ltd | People's Republic of China |
| Director | Shangdong Luhua Group Commerce Co., Ltd | People's Republic of China |
| Director | Inner Mongolia Sunflower Seed Oils Co., Ltd | People's Republic of China |
| Director | Changshu Luhua Edible Oil Co., Ltd | People's Republic of China |
| Director | Yihai (Akesu) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Guanghan) Oil, Grains & Foodstuffs Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Heilongjiang) Seed Co., Ltd | People's Republic of China |
| Director | Yihai (Sichuan) Oils & Grains Industries Co. Ltd | People's Republic of China |
| Director | Yihai (Mianyang) Oils & Grains Industries Co. Ltd | People's Republic of China |
| Director | Anhui Huilong Yihai Farm Products Co., Ltd | People's Republic of China |
| Director | Yihai (Guangzhou) Wharf Co., Ltd | People's Republic of China |
| Director | Kerry Oils & Grains (Qingdao) Ltd | People's Republic of China |
| Director | Kerry Oils & Grains (Sichuan) Ltd | People's Republic of China |
| Director | Qingdao Kerry Peanut Oil Co Ltd | People's Republic of China |
| Director | Xian Kerry Oils & Fats Industrial Ltd | People's Republic of China |
| Director | Heilongjiang Yihai Lifeng Oils & Grains Co., Ltd | People's Republic of China |
| Director | Yihai Kerry (Beijing) Seed Science and Technology Co., Ltd | People's Republic of China |
| Director | Yihai Kerry (Anhui) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai Kerry Investment Co., Ltd | People's Republic of China |
| Director | Yihai Kerry (Yunnan) Horticulture Co., Ltd | People's Republic of China |
| Director | Jiangsu Yihai Kerry Seed Science & Technology Co., Ltd | People's Republic of China |
| Director | Adani Wilmar Limited | India |
| Director | Bidco Uganda Limited | Republic of Uganda |
| Director | Oil Palm Uganda Limited | Republic of Uganda |
| Director | Modern Century Limited | British Virgin Islands |
| Director | Samtah Company Limited | Hong Kong |
| Director | Sun Fung Food Industrial (HK) Limited | Hong Kong |
| Director | Sun Fung Food Industrial (GZ) Limited | People's Republic of China |
Previous Directorships / Partnerships (last 5 yrs - include date ceased)
| Position | Full Company Name | Country of Incorporation |
| Position | Full Company Name | Country of Incorporation |
| Director | Lisa Shipping Co. Pte. Ltd. | Singapore |
| Director | Analisa Shipping Co Pte. Ltd. | Singapore |
| Director | Monalisa Shipping Co Pte Ltd | Singapore |
| Director | Sasa Shipping Co Pte Ltd | Singapore |
| Director | Acalpo Wilmar Pte Ltd | Singapore |
| Director | Vinomax Trading Pte Ltd | Singapore |
| Director | NSL Wilmar Pte. Ltd | Singapore |
| Director | Gold River Pte Ltd | Singapore |
| Director | Ebelian Holdings Pte Ltd | Singapore |
| Director | Opulent Investments Pte Ltd | Singapore |
| Director | Adani-Wilmar (Singapore) Pte Ltd | Singapore |
| Director | Norel-Wilmar Pte Ltd | Singapore |
| Director | Theresa Shipping Co Pte Ltd | Singapore |
| Director | Vigro Pte Ltd | Singapore |
| Director | PT Primatama Muliajaya | Indonesia |
| Director | PT Mekar Bumi Andalas | Indonesia |
| Director | PT AMP Plantation | Indonesia |
| Director | PT Gersindo Minang Plantation | Indonesia |
| Director | PT Bumipratama Khatulistiwa | Indonesia |
| Director | PT Jatimjaya Perkasa | Indonesia |
| Director | PT Bukit Permata Hijau | Indonesia |
| Director | PT Multi Nabati Sulawesi | Indonesia |
| Director | PT Sirontalo Perkasa | Indonesia |
| Director | PT Permata Hijau Pasaman | Indonesia |
| Director | PT Bukit Permata Hijau | Indonesia |
| Director | PT Sirontalo Perkasa | Indonesia |
| Director | Wilmar Europe BV | Netherlands |
| Director | Alicia Shipping Co. Limited | British Virgin Islands |
| Director | PT Karya Prajona Nelayan | Indonesia |
| Director | PT Karsa Primapermatanusa | Indonesia |
| Director | Bonoto Investments Limited | British Virgin Islands |
| Director | Firefly Limited | Cayman Islands |
| Director | Shangdong Bohai Oils & Fats Industry Co., Ltd | People's Republic of China |
| Director | Shandong Koufu Oils & Grains Co., Ltd | People's Republic of China |
| Director | Juye Yihai Cotton Industry Co., Ltd | People's Republic of China |
| Director | Yihai (Yinchuan) Oils & Grains Industries Co., Ltd. | People's Republic of China |
| Director | Wilmar Overseas Investments Limited | British Virgin Islands |
| Director | Yihai (Lianyungang) Farm Products Development Co., Ltd | People's Republic of China |
| Director | Yihai (Mianyang) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Wilmar Fertilizer Indonesia Pte Ltd | Singapore |
| Director | Grand Silver Services Limited | Hong Kong |
| Director | Kenspot International Pte Ltd | Singapore |
| Director | Wilmar Resources Pte Ltd | Singapore |
| Director | Wilmar Investments (Mauritius) Limited | Mauritius |
| Director | Yizheng Yijiang Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Yancheng) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Fujin) Oils & Grains Industries Co., Ltd | People's Republic of China |
| Director | Yihai (Jiamusi) Bio-cogeneration Co., Ltd | People's Republic of China |
| Director | Qinhuangdao Yihai Regenerative Resources Development Co., Ltd | People's Republic of China |
| Director | Qinguangdao Goldensea Bioenergy Co. Ltd | People's Republic of China |
| Director | South Island Trading Limited | Maurities |
| Director | ETL (Mauritius) Limited | Mauritius |
| Director | Grand Silver Laiyang Singapore Pte Ltd | Singapore |
| Director | Equatorial Trading Limited | Labuan Malaysia |
| Director | Wilmar China Investments Pte Ltd | Singapore |
| Director | Wilmar China Investments (Yihai) Pte. Ltd. | Singapore |
| Director | Wilmar Fujian Investments Pte Ltd | Singapore |
| Director | Wilmar Golden Sea Investment Pte Ltd | Singapore |
| Director | Wilmar Great Ocean Investment Pte Ltd | Singapore |
| Director | Wilmar-ADM China Northeast Investments Pte Ltd | Singapore |
| Director | Wilmar-ADM China Investments Pte. Ltd. | Singapore |
| Director | Wilmar Yihai Investments Pte. Ltd. | Singapore |
| Director | Wilmar-ADM Flour Investments Pte. Ltd. | Singapore |
| Director | Tradesound Investments Limited | British Virgin Islands |
| Director | Wilmar Holdings Sdn. Bhd. | Malaysia |
| Director | Wilmar Bulking Installation Sdn. Bhd. | Malaysia |
| Director | Wilmar Plantations Limited | British Virgin Islands |
| Director | Wilmar Plantations (Mauritius) Limited | Mauritius |
| Director | Wilmar Shipping (Mauritius) Limited | Mauritius |
| Director | Hebei Yihai Lifeng Oils & Grains Co., Ltd. | People's Republic of China |