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Sugar plant swoop

This article was originally published in The Public Ledger

UNI-President China, the Hong Kong-based drinks firm, intends to buy all six sugar plants from Guangdong Zogood Group, a debtstricken sugar maker based in Zhanjiang, Guangdong. A Uni-President executive said it was a wise choice to hand over the six Zogood plants as a whole to a capable company.However, Hainan Yedao and Cofco are also reported to be interested.

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