Angel Yeast (SHA:600298) proposed constructing new production facilities under its Yeast Protein Core Technology Development Project for 970.5 million yuan, according to a Wednesday filing on the Shanghai bourse.
The construction will include building facilities that will produce 20,000 tons of yeast protein, a production line manufacturing 4,000 tons of compounds, and other facilities.
The construction will run for 16 months and is expected to start April 2027.
The Chinese food company's shares rose 2% during the midday trade.
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