China Forestry Group Corporation Explained

China Forestry Group Co., Ltd.
Type:Private Company
Industry:Manufacturing General, Forestry
Hq Location City:Beijing
Area Served:Worldwide[1]
Products:[2]
Owner:Zhonglin Group
Num Employees:2,102
Parent:Ministry of Forestry
Website:https://en.cfgc.cn/g1126.aspx

China Forestry Group Corporation (Chinese: s=中国林业集团有限公司) is a Chinese forestry company, established directly under the State Forestry Administration of the People's Republic of China in February 1984[3] [4] [5] to plant and manage forests in China and internationally, as well as to produce, process, import and export forest products[6] [7] China Forestry Group Corporation has its headquarters in Beijing and runs business operations in the United States, Canada, New Zealand, Australia, Myanmar, India, Singapore, Russia, France, Uruguay, Brazil,[8] South Africa and Mozambique.

A company with a similar name, China Forestry, was formerly listed on the Hong Kong Stock Exchange, but ceased operations after financial fraud was discovered.[9] [10]

New Zealand operation

As a wholly owned subsidiary of China Forestry Group Corporation, China Forestry Group New Zealand Company Ltd is a New Zealand-registered and -based forest products and management company. The company acquires and manages forest resources,[11] harvesting, wood products transportation, sales and export. Its wood products supply both the New Zealand and international markets. China Forestry Group Corporation is keen in further direct investment in forests in New Zealand.[12]

External links

Notes and References

  1. Web site: CFGC at a glance . China Forestry Group Corporation . 12 July 2023.
  2. Web site: China Forestry Group Corp . Bloomberg . 12 July 2023.
  3. News: Apr 23, 2019. China Forestry Group Corporation (CFGC). 2021-08-24. China Daily. en.
  4. Web site: China Forestry Group Corporation due diligence report by Infospectrum. portal.infospectrum.net.
  5. Web site: China Forestry Group Corp Profiles Fixed Income Company Analysis News - Overbond. 2021-08-24. www.overbond.com. en.
  6. Web site: China Forestry Group Corporation - Enterprises. https://web.archive.org/web/20180522041451/http://www.sustainabilityreport.cn/en/EnterpriseShow.asp?Enterprise_ID=1543. 2018-05-22. China Sustainability Reporting Resource Center. Syntao.com. 2018-05-02. dead.
  7. Web site: China Forestry Group. Global Reporting Initiative.
  8. Web site: Chinese giant evaluates buying eucalyptus areas in the country by as much as $700 mi - Datamark. www.datamark.com.br.
  9. News: KPMG settles legal claims after failing to spot fraud at Chinese group. China Forestry's IPO led to backlash against poor listing standards in Hong Kong . Financial Times. 2021-08-24 .
  10. Web site: 2019-04-26. China Forestry faces covenant breach struggle. 2021-08-24. GlobalCapital Asia. en.
  11. Web site: Chinese keen on more NZ forestry buys. 24 April 2013. www.newshub.co.nz.
  12. Web site: Chinese company keen on additional NZ forests. fridayoffcuts.com.