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Guolian Aquatic intends to establish a feed company with Dongling Holdings to invest 200 million yuan

29/05/2020 0 Comment

Guolian Aquatic intends to establish a feed company with Dongling Holdings to invest 200 million yuan
On the evening of April 17, Zhanjiang Guolian Aquatic Development Co., Ltd. (“Guolian Fisheries”) and Dongling Holdings Group Co., Ltd. (“Dongling Holdings”) long-term strategic cooperation framework agreement plan to jointly invest 200 million yuan in ZhanjiangFeed joint venture company to develop feed sector and other projects.The data shows that Guolian Aquatic Products is a comprehensive aquatic product provider with shrimp products as its core. Its main businesses include aquatic seedlings, feed, aquaculture, and aquatic product processing and sales.This cooperation with Dongling Holdings is based on the plan of Guolian Fisheries to invest approximately 2 billion yuan in the development of deep-water cage industry chain projects in Xuwen County, Zhanjiang City within 5 years.According to the agreement, a total investment of USD 200 million will be divided into three phases of construction, covering an area of 100 mu.After the construction is completed, the annual production capacity of the first phase of the project is not less than 6 tons, the annual production capacity of the second phase is not less than 20 tons, and the total annual production capacity is expected to reach 30 tons.In terms of investment amount, the initial investment of the project will be no less than 50 million, of which Guolian Water’s initial investment is 25.5 million yuan, accounting for 51% of the equity of the joint venture company; Dongling Holdings invested 24.5 million yuan, accounting for 49% of the equity of the joint venture company.Guolian Fisheries believes that this cooperation is conducive to giving play to its own industrial and technological advantages in the fields of breeding, seedlings, feed, aquatic processing and scientific research, complementing its advantages with Dongling Holdings and achieving win-win cooperation.At the same time, the cooperation will go deep into the construction of the deep-water cage industry chain project in Xuwen County, in order to realize the mid-term strategic positioning foundation of an “integrated aquatic product provider”.Sauna, Ye Wang Wang Siyang editor Li Yan proofreads Wei Zhuo

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