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Byline: Walailak Keeratipipatpong
May 1--CP Group's interests in China will now focus only on three core businesses -- agriculture, marketing and distribution, and property development.
The group, the very first foreign investor in China after the country opened its door to offshore investments in late 1970s, also planned to sell all non-core businesses, such as a motorcycle plant, if the deals were lucrative enough, said Thirayut Phitya-Israkul, chairman of Chia Tai Group, the flagship company for CP Group's farm businesses in China.
After the baht was floated in July 1997, Dhanin Chearavanont, the chairman of the CP Group, sold many ...
Source: HighBeam Research, Farming, Property, Marketing Targeted by Firm in China.