--FILE--cinese i homebuyers visitare lo stand di Evergrande Real Estate Group durante una fiera immobiliare nella città di Guangzhou, sud Chinas provinc Guangdong
--FILE--Chinese homebuyers visit the stand of Evergrande Real Estate Group during a real estate fair in Guangzhou city, south Chinas Guangdong province, 14 September 2012. Chinese property developer Evergrande Real Estate Group has made inroads into the dairy sector by acquiring New Zealand's Cowala Dairy, making it the first Chinese enterprise to have purchased a foreign dairy company, reports the Shanghai-based China Business News. The conglomerate has been diversifying its business to cover a wide range of areas, including drinking water, photovoltaic energy and the infant formula sectors. Evergrande was not involved in the dairy sector but the acquisition of a foreign dairy brand will allow it to gain experience and shorten the time needed for familiarizing itself with the industry, a source familiar with the deal said. After imbibing advanced technology from the New Zealand-based company, Evergrande will be able to build its own dairy production base and its own Chinese brand, the source added.
