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Angel Yeast Invests 845 Million Yuan in Xinjiang Yeast Products Plant

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Angel Yeast (SHA:600298) subsidiary Cocodala will invest 844.8 million yuan to build a 20,000-ton-per-year yeast products green manufacturing facility in Xinjiang, China.

The project will produce yeast extract and yeast protein, targeting the growing demand for high-value-added bio-ingredients, according to a Wednesday filing with the Shanghai bourse.

Construction is expected to start in April 2027 with a 20-month timeline and a projected 12% return on investment.

Shares of the food company rose 2% in recent trade.

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