Early Warning System

Regions

East Asia and Pacific

Geographic location where the impacts of the investment may be experienced.

Countries

China

Geographic location where the impacts of the investment may be experienced.

Specific Location

Yaji Mountain Forest Park, Guangxi Province

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

International Finance Corporation (IFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

May 30, 2023

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

GUANGXI YANGXIANG CO LTD

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 43.52 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 43.52 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 300
Converted using 2023-04-23 exchange rate.

Project Cost (USD)

$ 160.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Other Related Projects

Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 6, 2024

Disclosed by Bank Apr 23, 2023

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed IFC investment to Guangxi Yangxiang Co. Ltd (GXYX) is up to US$47mn equivalent RMB A loan additional investment for working capital to four existing multi-story pig farm buildings with an annual production of 32,000 breeding sows and a feed mill with processing capacity of 200,000 metric tons to support existing pig farm operations. The four pig farms and feed mill are located in Yaji Mountain Forest Park, Guangxi Province.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

International Finance Corporation (IFC)

As stated by the IFC, the proposed investment is an A loan of up to CNY300 million (approximately US$47.3 million equivalent).

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, GXYX is a leading feed mill and hog producer in China. It was established in 1998 in Guigang City, Guangxi Autonomous Region. Its main business segments include breeding and commercial farming of pigs and manufacturing of pig feed. GXYX has 29 sow and 4 boar farms, and 15 feed mills, mainly located in Guangxi and Liaoning provinces. The Company has in-house pig breeding capacity of 230,000 sows and 6,000 boars. GXYX also works with 1,000 contract farmers with average production of 1,000 pigs/year.
Mr. Yang Xiang is the founder and controlling shareholder of the Company. Mr. Yang controls 74.5% shareholding of the Company through 37.2% direct stake and 37.3% indirect stake via acting-in-concert with other management. The other shareholders are 42 individual shareholders, Continental Feed, 2 university funds and 3 pre-IPO investment funds.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Guangxi Yangxiang Co., Ltd	Client	Agriculture and Forestry

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Borrower - Guangxi Yangxiang Co., Ltd.:

Qing Xu - Manager
Address: Yangxiang Headquarters, Jiangnan Industrial Park, Gangnan District, Guigang 537100, China
Website: www.yangxiang.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org