Dukang Distillers
has completed its restructuring with the acquisition of a kiwi fruit business, disposing of its existing liquor business For this reason, it will take on a new name to reflect the change. Yesterday, Dukang announced that it will be renamed China Shenshan Orchard Holdings.
The firm stated that revenue and net earnings of the acquired kiwi fruit business has been growing steadily since 2017 and has been minimally impacted by the pandemic. Post restructuring, China Shenshan will become a horticultural marketing company, focusing on the planting, cultivating and sale of kiwi in China.
The business it acquired holds the use rights for eight orchards, spanning a total land area of approximately 6.5 million m2, which it belie…
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