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China is the world's top buyer of DDGS that is used as a substitute for corn and soymeal in animal feed.
Wanda said this is its "largest culture acquisition overseas".
The bank, headquartered in Beijing, now has 57 members, that includes Germany, France, Italy, and the UK.
Vice Foreign Minister Zhang Ming met senior Saudi and Iranian officials on his trip last week.
Is the second week of a drop in oil prices and Chinese turbulence to set the tone for the rest of the year?
Plummeting oil prices have dragged the energy-dependent Russian export economy down.
Putin also reminded the West of its warnings against invasions in Libya and Iraq that have now resulted in chaos and protracted civil war.
Chinese shares tumbled heavily in the morning session, with the benchmark Shanghai Composite Index nose-diving more than 2%.
The Islamic State has claimed responsibility for a suicide truck bombing on a Libyan police training centre on Thursday that killed at least 65 people.
Founding members include the BRICS, half of the European Union and all of the Asian bloc, ASEAN.
