Shandong Tancheng Muyuan Agriculture and Animal Husbandry Co., Ltd. announced that it expects to receive CNY 100 million in funding from Muyuan Foods Co., Ltd.
Shandong Tancheng Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 100,000,000 on April 29, 2021. The transaction will include participation from returning investor Muyuan Foods Co., Ltd. (SZSE:002714). As a result, company's registered capital will increase from CNY 20,000,000 to 120,000,000 The transaction has been reviewed and approved at the 37th meeting of the third board of directors of the investor.