Sanyuan acquires 2 poultry product firms

Beijing Sanyuan Group, the parent company of Sanyuan Food, is transforming itself into an agricultural group by acquiring two Beijing poultry product enterprises.

That represents a move by Sanyuan, which was unscathed from a melamine scandal last year, to diversify its business and strengthen its competitiveness.

Corporate executives said there was a possibility that the quality assets of the two poultry businesses would be "injected into Sanyuan Food", the only listed company under Beijing Sanyuan Group, "at an appropriate time".