New Hope eyes overseas buys

New Hope Liuhe, a listed-company of China's largest feed-grain producer New Hope Group, said it will consider more overseas acquisition possibilities to feed the country's growing appetite for meat.

"We will look into the possibilities of mergers and acquisitions abroad. This is not only to satisfy domestic demand but also part of the company's strategy to have global presence," Deng Cheng, vice-president of New Hope Liuhe Co Ltd, told China Daily.

He said the targets must have good natural resources, a safe investment environment and cost advantages in terms of production, adding that countries in Central Europe such as Poland have very good conditions.