Golden Brick Capital subsidiary acquires 49% of New Land Grain Corridor agribusiness venture
According to the SPARK corporate database, the stake held by New Land Grain Corridor LLC in Far Eastern Agro-Industrial Corporation fell from 100% to 51% following the partner’s entry. Hong Kong registry records show that Vision Investment Limited is owned by Golden Brick Capital Management Limited. The Beijing-headquartered investment company finances infrastructure under China’s Belt and Road Initiative. RBC previously identified Ngok Yan Yu, who developed the Kunlun Red Star hockey club together with Gennady Timchenko, as one of its co-owners.
Far Eastern Agro-Industrial Corporation was registered in the summer of 2025, when the New Land Grain Corridor group’s plans to enter crop production became known. At the time, the project’s cost was estimated at 5–7 billion rubles. The group explained that the corporation was established to develop the Nizhneleninskoye–Tongjiang agro-industrial cluster. An agreement on participation in the cluster was signed at the Eastern Economic Forum in 2025; bringing in a Chinese partner had been envisaged from the outset. The participants are now developing a strategy and a feasibility study.
Nizhneleninskoye is located near the Chinese border. In 2022, a railway bridge across the Amur River was built east of the village, connecting the Russian bank with Tongjiang in China. The area earmarked for development in the first phase is approximately one-third larger than the Jewish Autonomous Region’s entire area under crops this year, which totalled 147,800 hectares, according to Russia’s Federal State Statistics Service (Rosstat). New Land Grain Corridor listed six planned crops: soybeans, wheat, barley, oats, rapeseed and corn. The allocation of land among them will be determined after crop rotation calculations. The partners are also considering production of vegetable oils, flour and compound feed.
The New Land Grain Corridor group has operated since 2017. Its infrastructure projects in the Urals, Siberia and the Russian Far East are aimed at increasing supplies of grains, pulses and oilseeds to Asian countries. They include the Zabaikalsk Grain Terminal and a planned maritime terminal in Vladivostok with an annual throughput of 2 million tonnes.
The group’s principal legal entity is New Land Grain Corridor LLC. According to SPARK, 56% of its shares are owned by the RVM Otraslevoy closed-end mutual investment fund, and another 4% by the RVM Konsolidatsiya closed-end mutual investment fund. Both funds are managed by RVM Capital, headed by Sergey Orlov, who previously served as an adviser to former Russian Railways president Vladimir Yakunin. Alla Tatur owns 25%, Cyprus-based Belper and Salenside hold 6% and 4%, respectively, and Maria Shatalova owns 5%. In 2025, New Land Grain Corridor LLC’s revenue more than doubled to 50.5 million rubles. Its net loss narrowed to 308.5 million rubles from 422.6 million rubles a year earlier.
Stanislav Mudrov, a partner in Neo’s business and asset valuation practice, suggests that Vision Investment Limited will finance the joint project through a cash contribution to Far Eastern Agro-Industrial Corporation’s capital in proportion to its stake. He estimates that the partner’s participation could also include providing agricultural technologies and access to the Chinese market, with the Chinese side expected to guarantee sales of the output.
According to figures cited by Mudrov, the average profit margin for oilseed crops in the Russian Far East was 8% in 2025, compared with 28% across Russia. The expert notes that this type of business is sensitive to changes in costs. In his view, the profitability of Far Eastern Agro-Industrial Corporation’s project will depend on advanced processing of agricultural products, securing as much subsidised financing as possible, and guaranteed sales to China.
