# COSCO Shipping Holdings to invest CNY 5.5 billion in COFCO Fortune

COSCO Shipping Holdings agreed to invest approximately CNY 5.5 billion to acquire about 1.8 billion shares in COFCO Fortune, representing a 5.81% stake, as part of a broader capital increase involving multiple investors.

- Type: Acquisition
- Announced: 2023-01-16
- Where: China
- Value: $810.0M (5.50B CNY)
- Status: announced
- Products: food processing, agricultural supply chain

## Companies

- [COFCO](https://endata.com/companies/4056.md) (partner)
- [COSCO Shipping](https://endata.com/companies/17980.md) (acquirer)
- [COFCO Fortune](https://endata.com/companies/67910.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/862953.html), 2023-01-17: "该公司同意认购中粮福临门约1.8亿股认购股份，方式为该公司对中粮福临门出资约人民币55亿元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.