The company, backed by internet giant Tencent Holdings, inked the deal with Royal Strategic Partners, a unit of Abu Dhabi Capital Group. ADCG is a large-scale investment company which manages assets of billion.
The company, which applies constructed functional microbiome technology to increase crop yield and health while protecting food safety, has a specific target market in China. It has established partnerships with several Chinese state-owned companies.
The comprehensive bonded zone is a special customs supervision area established by the Chinese government with reference to the free trade zone (parks) that are commonly used internationally.
The company sells products in more than 92 countries and regions, but the Chinese market is the most important because it is one of the fastest-growing markets and it still has great potential, according to Zheng.
The company will stop engaging in property development and will turn to solely focusing on commercial management. The relevant parties will strive to take the company public as soon as possible, the statement said.
The company imports more than 1,000 TEUs (twenty-foot equivalent units, a measure of containers used by the shipping industry) of wood planks a month. Until recently, it used to transport the planks from Shanghai's Yangshan port to Taicang by truck.
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The company's stock traded over the counter.
The compilation of five-year plans involves all aspects of economic and social development and is closely related to people's work and life, so people from all sectors of society should be encouraged to offer advice by diverse means so that social expectations, the wisdom of the people, expert advice and experience at the grassroots level could be integrated into the plan, Xi said.
The company's unique products such as solar lantern with radio and mobile charging capability could provide respite to Kenya's air pollution challenges linked to rampant use of kerosene and wax candles.
The company produces American ginseng - known by the scientific name Panax quinquefolius - and distributes it as roots, tea, capsules and other products at home and abroad.