Xinjiang Tianrun Beiting Animal Husbandry Co., Ltd. announced that it expects to receive CNY 50 million in funding from Xinjiang Tianrun Dairy Co., Ltd.
January 20, 2020
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Xinjiang Tianrun Beiting Animal Husbandry Co., Ltd. announced that it will receive CNY 50,000,000 in its equity round of funding on January 21, 2020. The transaction will include participation from returning investor Xinjiang Tianrun Dairy Co., Ltd. (SHSE:600419). On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 60,000,000 to CNY 110,000,000. The transaction was approved by the board of directors of the investor in its 25th meeting of the 6th directorate. The transactions do not need approval from the shareholders’ meeting.
Xinjiang Tianrun Dairy Co., Ltd. is a China-based company principally engaged in the production, wholesale, processing and sales of dairy products. The Company is also engaged in animal husbandry business. The Company's main products include yogurt series, Ultra Heat Treated (UHT) and other milk series, milk beverage series, pasteurized milk series, consumable biological assets, produce fresh milk and others. The Company mainly distributes its products in Xinjiang province, China.
Xinjiang Tianrun Beiting Animal Husbandry Co., Ltd. announced that it expects to receive CNY 50 million in funding from Xinjiang Tianrun Dairy Co., Ltd.