FINWIRES · TerminalLIVE
FINWIRES

Angel Yeast's Proposes Implementation of Yeast Protein Core Technology Project for 971 Million Yuan

By

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.

Related Articles

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

Western Mining (SHA:601168) subsidiary Tibet Yulong Copper donated 10 million yuan for mudslide victims in Gyirong County in Tibet, according to a Wednesday filing with the Shanghai bourse.The donation will come from the subsidiary's own funds.Company shares fell 2% during the midday break on Wednesday.

SHA:601168
Asia

Gunkul Engineering Names CFO

Gunkul Engineering (SET:GUNKUL) has appointed Thitawat Asaves as the chief financial officer of the company with effect from Tuesday, according to a same-day filing to the Thai stock exchange.The renewable energy company's shares were down nearly 1% in Wednesday's trade.He takes over from acting CFO Naruechon Dhumrongpiyawut, who resigned from the position effective Aug. 31.

SET:GUNKUL
Asia

Viva Goods Ups Stake in Sportswear Giant Li Ning

Viva Goods (HKG:0933) has purchased 29.6 million shares of Chinese sportswear giant Li Ning (HKG:2331) for HK$398.4 million as an investment, according to a Tuesday bourse filing.The company said it bought the shares through open market transactions at an average price of HK$13.45 apiece.Following the transaction, Viva's stakeholding in Li Ning rose to 16.9%, with ownership of 437.2 million shares.

HKG:0933HKG:2331