Golden-Cargill alliance ended

Golden-Cargill alliance ended

SINGAPORE (Dow Jones): Golden Agri-Resources Ltd. Wednesday
said it has called off its alliance with Cargill Asia Pacific
Ltd.

"Market-related events in the past six months are the main
reasons," Golden Agri-Resources said in a statement.

As a result, a company called Cargill-Mas Holdings Ltd.,
formed under the alliance, has also been dissolved.

A joint venture between Cargill-Mas Holdings and Seletar
Investments Pte Ltd. has also been terminated, according to the
statement.

Golden Agri-Resources and Cargill Asia Pacific will continue
their activities in the palm oil market segments, the statement
said.

Golden Agri-Resources, a unit of Asia Food & Properties Ltd.,
mainly runs palm oil plantations in Indonesia.