Zhanjiang Guolian Tilapia Export Unit Lands $13M Investment

Chinese seafood giant Zhanjiang Guolian Aquatic Products Development Co. has announced a RMB 95 million ($13 million) capital injection into its tilapia subsidiary, Guangdong Gourmet Aquatic Food Co., through the introduction of a new shareholder, Ocean Fund.
According to a notice published by Guolian, Guangdong Gourmet’s capital will jump from RMB 65.9 million to RMB 83 million. Ocean Fund will also hold a roughly 20% ownership stake in Guangdong Gourmet. The funds will be used to optimize and upgrade the company’s production capacity, as well as expand its marketing...
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