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Cofco to Sell Ethanol Business to China Starch, Apple Daily Says

Sept. 10 (Bloomberg) -- Cofco Ltd. will sell its stake in an ethanol business to China Starch Holdings Ltd. for about 1.6 billion yuan, Apple Daily reported today, citing unidentified people.

China Agri-Industries Holdings Ltd., a Hong Kong-listed unit of Cofco, will sell options and pre-emptive right of purchase for a 20.74 percent stake in Anhui BBCA Biochemical Co., Ltd. to China Starch, according to the Chinese report.

Link to Company News:{000930 CH <Equity> CN <GO>} Link to Company News:{3838 HK <Equity> CN <GO>} Link to Company News:{606 HK <Equity> CN <GO>} Link to Company News:{1070Z CH <Equity> CN <GO>}

To contact the reporter on this story: Sophie Leung in Hong Kong at sleung59@bloomberg.net

To contact the editor responsible for this story: Bloomberg News at gturk2@bloomberg.net

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