Yantai China Pet Foods, trading on the Shenzhen Stock Exchange, intends to give financial support to not yet stock listed pet companies. The business, established in 1998, owns 17 production facilities supplying food to over 50 countries. In China, it is the first SME to go public.
The company revealed plans to invest 125 million yuan ($19.5M / €18M) in an RMB by investment company Jinding Capital.
The submission by GlobalPETS says that the cooperation sets its focus on pet food, supplies, retailing and other similar sectors.
“It mainly invests in the high-growth unlisted companies in the above-mentioned related fields inside and outside China,” it reads.
The investment was approved by the company’s board of directors on April 12th.
Read the original article here – globalpetindustry.com