The restructuring split the feed-distribution business in China between the newly formed East Hope Group, owned by Liu Yongxing, and the South Hope Group, controlled by Liu Yonghao.
CNN: Hope Takes On the World
"We made the same feed, but our investment and costs were lower, " says Liu Yongxing.
Older brother Liu Yongxing, the Hope Group chairman, insists agriculture will remain the focus of the conglomerate.
Liu Yongxing reckons the casualties will be the small and inefficient feed producers that control about 80% of the domestic market.
Liu Yongxing is the chairman of the East Hope Group.
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