Jiangsu Seamild Foods Co., Ltd. announced that it expects to receive CNY 1.81 billion in funding from Guilin Seamild Foods Co., Ltd
August 30, 2020
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Jiangsu Seamild Foods Co., Ltd. announced that it will receive CNY 1,810,000,000 in an equity round of funding on August 31, 2020. The transaction will include participation from returning investor, Guilin Seamild Foods Co., Ltd (SZSE:002956) to retain its 100% stake in the company. Of the total capital increase, CNY 10,000,000 will go to the registered capital and CNY 1,800,000,000 will go to the capital reserve of the company. The transaction has been approved at the third meeting of the second board of directors of the investor. Registered capital of the company is CNY 50,000,000.
Guilin Seamild Foods Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of oatmeal food. The Company's main product is the Seamild brand oatmeal, which includes pure oats series oatmeal and composite series oatmeal. Among them, the pure oat series oatmeal mainly includes green oatmeal series and organic oatmeal series. The composite series oatmeal mainly includes Western Australia sunshine milk oatmeal series, balanced nourishing oatmeal series and middle-aged nutrition oatmeal series. The Company's mainly distributes its products in the domestic market.
GUILIN SEAMILD FOODS CO., LTD 
