Guan Chong has entered into an MOU to acquire 25% stake in Transcao Côte d'Ivoire a company that operates in Ivory Coast involved in cocoa processing.
Transcao CI is a private limited company incorporated in Ivory Coast, with the majority of its shareholding held by CCC the government regulator. the company is principally involved in cocoa processing, manufacturing and distributing finished products, creating added value to boost farmers' income, and promoting local and regional consumption.
CCC is the government regulator responsible for the regulation and development of Ivory Coast's cocoa and coffee sectors. They oversee Ivory Coast's annual cocoa bean production of approximately 2 million metric tonnes, which accounts for around 40% of the global supply.
Guan Chong said the purpose of the MOU is to outline the terms and conditions for the acquisition of a 25% minority stake in the company.
