Pulike Biological Engineering Plans to Nix 215-Million-Yuan Project
Pulike Biological Engineering (SHA:603566) will terminate its biological products workshop renovation and expansion project, according to a weekend filing with the Shanghai bourse.The company cited slower-than-expected pet consumption market growth, declining pet medical spending, and intensified competition for the move.The project was originally budgeted at 214.8 million yuan, with 204.1 million yuan still unused.