Ziyan Food: Plans to increase capital and invest in the Nepal production and processing base project for its wholly-owned subsidiaries and subsidiaries

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On March 2nd, Ziyan Food announced that it plans to invest 500 million yuan of its own funds to increase its capital in its wholly-owned subsidiary, Chengdu Ziyan. Chengdu Ziyan will invest no more than 500 million yuan (or equivalent foreign currency) to increase its capital in its wholly-owned grandchild company, Nepal Ziyan, which will be used for the investment and construction of the Nepal production and processing base project.

The announcement states that the total investment in this project is 800 million yuan (or equivalent foreign currency). In the preliminary stage, the company invested 300 million yuan (or equivalent foreign currency) through Chengdu Ziyan, the investment entity, to establish the wholly-owned grandchild company, Nepal Ziyan, for the investment and construction of the project. The investment mainly covers construction and installation works, equipment purchase and installation, and other project construction costs.

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