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GLG Life Tech Partners With China National Cereals, Oils, And Foodstuff To Promote Stevia Products In China

May 15, 2013: 12:00 AM EST
GLG Life Tech Corp. entered into a strategic collaboration deal with China National Cereals, Oils, and Foodstuff Corp. for the Chinese market. A number of months in the making, the collaboration will focus on developing products that will help promote health food and beverage products and improving the health and welfare of consumers in China. Also, the partners announced that their collaborative efforts will focus on healthier food and beverage products, technology, and investments. GLG said it expects the official letter of intent to be signed the coming weeks, detailing the areas of partnership. China is one of the countries with the largest populations of people with diabetes, with about 90 million diagnosed with the disease and approximately 200 million classified as obese.
"GLG Life Tech Corporation Announces Planned Collaboration With China National Cereals, Oils, and Foodstuff Corporation ("COFCO")", GLOBE NEWSWIRE , May 15, 2013, © GlobeNewswire, Inc
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