People's Food

People's Food: To sell remaining 36.8% interest in Pine Agritech for Rmb463.6m to co Link Crest. The sum will be paid out in 10 instalments for 5 yrs with an effective interest rate of 5% p.a Pine Agritech is involved in the manufacture and sale of soybean-based products and supplies co with its entire raw material req of Soy Protein Isolates. The sale price is at a discount, est to be 83% of the fair value of Pine Agritech. Pine Agritech has made losses in the prev 3 yrs.