According to the bank document, "this loan will support Muyuan in the construction of 10 new pig farm facilities in Anhui, Henan, Heilongjiang, Inner Mongolia, and Shanxi provinces (“the project”) that are primarily in frontier regions of China. The proposed IFC investment is an A loan of up to CNY1 billion (approximately US$150 million equivalent) to six operating subsidiaries of Muyuan:
(i) Sheqi Muyuan Farming Co., Ltd.;
(ii) Heilongjiang Lindian Muyuan Farming Co., Ltd.;
(iii) Inner Mongolia Horqin Left-Wing Central Banner Muyuan Modern Farming Co., Ltd.;
(iv) Luyi Muyuan Farming Co., Ltd.;
(v) Anhui Fengtai Muyuan Farming Co., Ltd.; and
(vi) Shanxi Xiaxian Muyuan Farming Co., Ltd."
It is part of IFC Agribusiness’s African Swine Flu (ASF) Regional Recovery Program to help restore pork supply and normalize food costs for consumers by supporting Muyuan and Muyuan is an existing IFC investee.
"IFC has an equity investment in Muyuan (committed in 2010, project #29089) and has processed three loans, (in 2012, #32156; 2014, #33505 and 2016, #38272)."
This project or financing is part of IFC's COVID-19 response, as stated on the IFC website. You can find additional information at: https://www.ifc.org/wps/
The proposed IFC investment is an A loan of up to CNY1 billion (approximately US$150 million equivalent) to six operating subsidiaries of Muyuan.
Founded in 1992, Muyuan Foods Co., Ltd. is publicly listed on the Shenzhen Stock Exchange since January 2014.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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1/ Project Contact
Muyuan Foods Co., Ltd.
Ms. Zhang Jingpei
Manager, Financing Department
+86 377 66100053
Longsheng Industrial Park, Wolong District, Nanyang, Henan Province, 474360 China
2/ IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/Local Access for Project Documentation
Longsheng Industrial Park
Wolong District, Nanyang
Henan Province, 474360 China
ACCOUNTABILITY MECHANISM OF IFC
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