Zhanjiang Guolian Aquatic Products Raises $90 Million for New Shrimp Plant
Zhanjiang Guolian announced that the company has secured $90 million (CNY 606 million) in new funding through a private share placement in China. This is 18 months after their original announcement.
The original plan was to raise $111 million for replacing their primary shrimp production plant with a new state of the art facility. They also had originally looked to raise other funds for expanded aquaculture and operating capital.
The company plans to carry out the 24-month-long project of healthy...
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