Angel Yeast (SHA:600298) plans to invest 370.5 million yuan into the construction of a synthetic biology pilot validation base, according to a Shanghai bourse filing on Tuesday.
The construction, which will run for 16 months starting March 2027, will include a new extraction workshop and a fermentation workshop.
The food company expects a 9.79% rate of return from the project.
The plan is still subject to shareholders' and regulators' approval.
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