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Jiusan spurns suitors

This article was originally published in The Public Ledger

JIUSAN Oil & Fats, the last major Chinese-owned soya crusher, has no current plans to sell a stake to foreign investors, including Cargill, Archer Daniels Midland and Noble which have made approaches.Tian Renli, general manager at Jiusan, said it could sell a stake as long as the local government maintains a controlling stake, Jiusan continues to source its soyabeans independently, and the investor is not a rival in meal and oil sales.

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