Volkswagen Food Holdings will be listed on the primary stock market.

People's Food Holdings, a meat product manufacturer in China, was approved by the Singapore Stock Exchange and listed on the primary stock market in China.

Popular food holding company is the holding company of Linyi Xincheng Luojin Meat Products Co., Ltd., Loampit Co., Ltd. and Champ Base Co., Ltd.

The year before last, the turnover of Volkswagen Food Holdings reached 2.3 billion yuan (about S $460 million), and the pre-tax and after-tax profits were 370 million yuan and 302.6 million yuan respectively.

Volkswagen Food Holdings estimated that it achieved a turnover of 3.2 billion yuan last year, with pre-tax and after-tax profits of 500 million yuan and 408 million yuan respectively.

Headquartered in Shandong, Linyi Xincheng Luojin Meat Products Company has production plants in Shandong, Sichuan, Hunan and Inner Mongolia, supplying fresh and frozen processed meat products such as pork, sausage and ham and frozen chicken to all parts of China.

The meat products sold by Linyi Xincheng Luojin Meat Products Company under the trademark "Luojin" won many awards in China, such as "Best-selling Sausage in the First Half of 2000" and "1Top Ten Meat Products Brands in China in 999-2000".

Zhou Liankui, executive director of Volkswagen Food Holding Company, said: "We have production facilities in northern, southern, western and central China, which can ensure that products can be delivered to customers quickly, thus ensuring that products are fresh and customers can save costs."

But! ! ! !

However, on July 3rd, 20061day, Volkswagen Food Holding Company (hereinafter referred to as Volkswagen Food 0708HK) said that it had voluntarily withdrawn from the stock market of Hong Kong Stock Exchange at 9: 30am on August 9th.