Angel Yeast Subsidiary to Set Up Yeast Protein Production Facility

MT Newswires Live10-19

Angel Yeast's (SHA:600298) Yichang subsidiary will invest 135.2 million yuan for a new production line for yeast protein compounding, according to a Saturday filing with the Shanghai bourse.

The new facility will have a capacity of 20,000 tons annually. Construction is expected to last 15 months beginning in August 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment