NZ King Salmon shores up China deal

(Image: Depositphotos)

Tue, 21 Nov 2023

New Zealand King Salmon Investments says it has entered into a distribution agreement with China Resources Food Supply Chain Co (CRFSC) as the exclusive importer of King Salmon products into mainland China.Under the terms of the agreement, CRFSC has committed to a minimum of 4,000 kilograms of salmon products per month on commercial rates, failing which the agreement can be terminated, or NZ King Salmon (NZK) can appoint other distributors into the country.China Resources Enterprises, which holds a 9.81% stake in NZK, is a 40% indirect sharehol...

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