CDC Group plc, a 10% Holder, disposed of 61,337,833 Common Shares on a direct ownership basis at a price of $0.230 through a private transaction on January 24th, 2018. This represents a $14,107,702 divestment of the company's shares and an account share holdings change of -25.1%.
Feronia is in the Fishing & Farming Sub Industry Group under the Consumer Non-Cyclicals Sector.
Feronia Inc. is a Canada-based company, which is engaged in agribusiness. The Company operates in the business of agriculture, producing rice, palm oil and palm kernel oil in the Democratic Republic of Congo (the DRC). The Company operates through two segments: Oil Palm Plantations (Palm Oil) and Arable. The Palm Oil segment includes oil palm plantations. The Arable segment includes arable farming operations. Its palm oil plantations are located in the provinces of Equateur and Orientale. The Company's plantations include Lokutu, which covers over 63,560 hectares; Yaligimba, which covers approximately 30,200 hectares, and Boteka, which covers over 13,540 hectares. The Company's plantations produce crude palm oil (CPO) and palm kernel oil (PKO). The Company's arable farming operation grows and processes rice. The Company's subsidiaries include Feronia Maia sprl. and Plantations Et Huileries du Congo S.A.
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