The Beijing Sanyuan Group recently acquired two Chinese poultry product companies in order to diversify and strengthen its business, according to an article from China Daily.

The agreement between the three companies stated that the Beijing Sanyuan Group will obtain the assets of chicken chain Beijing Huadu Foodstuff and chicken chain Beijing Dafa Group for management.


The companies will form the Beijing Capital Agricultural Group, which is expected to generate annual sales revenue of 10 billion Yuan, according to the article.

"We plan to build it into the leading agricultural group in China," said Xue Gang, general manager of the Beijing Capital Agricultural Group, in the article.