China Animal Husbandry Group and Hainan Shengchen Investment to acquire stake poultry and food processing units of New Hope Liuhe for $590m.

Chine conglomerates China Animal Husbandry Group and Hainan Shengchen Investment to acquire stake poultry and food processing units of New Hope Liuhe, a food company, for $590m. The stake sales will ensure the company's competitiveness and sustainable development, New Hope Liuhe said.