Cofco asset boost for HK unit seen moving slowly

Cofco, the mainland's largest food trader and processor, expects the injection of assets from its property companies into Hong Kong Parkview will take time due to strict scrutiny by mainland and Hong Kong regulators.

China National Cereals, Oils and Foodstuffs Corp (Cofco) will inject mainland commercial, office, and hotel properties into the Hong Kong-listed company it acquired this summer, according to Cofco chairman Ning Gaoning.

via Business feed http://www.scmp.com/business/companies/article/1082566/cofco-asset-boost-hk-unit-seen-moving-slowly