Noble Group, Asia's largest commodities trader, said on that it was purchasing two more soy crushing facilities in China for about US$18 million.

The company, headquartered in Hong Kong, said in that it had agreed to buy a plant in Chongqing from Great Wall Investments Pte Ltd. in Singapore.

It was acquiring another plant in Longkou in the northern province of Shandong from Sino Agri-Trade Pte Ltd, which is also based in Singapore.

Noble said the deals would be financed from its internal cash resources and bank borrowings. The book value of the assets to be acquired by Noble was approximately $34 million as of October 13.

The acquisition followed Noble's investment in April in another soy crushing plant in Qinzhou in China's southern province of Guangxi.

Source:佚名