At the end of 2006, Fengyi Company acquired Kerry Grain and Oil (hereinafter referred to as "Kerry Grain and Oil") under the Singapore Kwok Group for US$ 2.7 billion, and merged with its subsidiary Yihai Group in China to become Yihai Kerry Investment Co., Ltd. (hereinafter referred to as "Yihai Kerry").
Arowana brand is the main edible oil brand of Yihai Kerry.