RIBT and China>> With the initial 16% purchase of
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Posted On: 05/22/2018 10:24:23 AM
RIBT and China>> With the initial 16% purchase of RBT stock, CG said RBT will have access to all their customers. RIBT signed a deal with Wilmar International in 2013 to invest 45% in all their stabilization hood ups at Wilmar's rice mills in China, I asked former CEO John Short if that deal was still alive at a conference call, guessing in nearly 2016, before he was replaced by LFRB people. He said, "Yes, but down the road". I hope that was true.
If true CG has a large division in Asia called ContiAsia, and huge business in China. RIBT taking advantage of that would have to be down the road, but it costs must less to put its patented and proprietary intellectual property directly into mills now than when RIBT had to build attachment buildings to the mills. Even just RIBT's animal feed would fit in with ContiAsia.
Let's hope this could happen in 2019.
http://www.marketwired.com/press-release/rice...774654.htm
http://www.continentalgrain.com/agribusinesse...iAsia.aspx
If true CG has a large division in Asia called ContiAsia, and huge business in China. RIBT taking advantage of that would have to be down the road, but it costs must less to put its patented and proprietary intellectual property directly into mills now than when RIBT had to build attachment buildings to the mills. Even just RIBT's animal feed would fit in with ContiAsia.
Let's hope this could happen in 2019.
http://www.marketwired.com/press-release/rice...774654.htm
http://www.continentalgrain.com/agribusinesse...iAsia.aspx
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