HONG KONG - Brazilian meat and poultry processor BRF SA has ended its joint venture with Dah Chong Hong Limited in Hong Kong.
The joint venture was ended by mutual agreement and the move will involve payments to the joint venture of $460,000.
However, BRF and DCH will maintain a non-exclusive commercial partnership in the region with a focus on Hong Kong and Macau markets.
“We continue to believe in the potential and committed to the Chinese market, and will continue working and exploring ways in line with the strategic plan of the company to expand its business in the international market,” a spokesman for BRF said.
TheMeatSite News Desk