COFCO aims to list A and H shares within the next three years, a Chinese newspaper said on Friday.
COFCO, parent of China Agri-Industries Holdings and China Foods, also intends to merge its non-listed property business with its mainland listed real estate unit COFCO Property (Group), creating an entity with a combined asset value of about 100 billion yuan ($14.8 billion), Apple Daily said.
COFCO aims to kick off 20 large scale commercial property development projects in the next five to 10 years. The projects will have a total asset value of 70 billion yuan, the newspaper said.
It gave no further listing details.