Companies

Temasek mulls investment in China food zone

(Agencies)
Updated: 2010-05-21 15:23

SINGAPORE - Singapore state investor Temasek Holdings is studying plans to build a 1,450 square kilometer food zone in northeastern China in a bid to diversify the city-state's food supply.

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The food zone near the Chinese city of Jilin is a proposed collaboration with Chinese regional authorities in agricultural and food processing, Temasek unit Singbridge said in a statement.

"The move will also diversify Singapore's food sources," Singbridge said.

Another Temasek unit, Fullerton Financial, said in a separate statement that it may set up village banks in Jilin city.