SHENGUAN HLDGS is estimated to potentially invest 90 million yuan in a collagen food production project in Inner Mongolia and has signed a framework agreement
SHENGUAN HLDGS has signed a framework investment agreement with the People's Government of Helinge'er County, planning to invest approximately RMB 90 million in the Inner Mongolia Helinge'er Dairy Development Zone to construct a collagen food production project. The project includes the preparation of collagen raw materials, food processing, and the production and sales of edible collagen casings, including the acquisition of about 219 acres of industrial land and facility construction. Currently, land use rights have not yet been obtained, nor has a legally binding transfer contract been signed
According to a report from Economic Information Agency on the 14th, SHENGUAN HLDGS (00829) announced that it has signed a framework investment agreement with the People's Government of Hohhot City regarding a potential investment in a collagen food production project in the Hohhot Dairy Development Zone in Inner Mongolia, with a total estimated investment of RMB 90 million.
The group stated that the main business scope of the project includes the preparation of collagen raw materials and food processing, as well as the production and sale of edible collagen sausage casing products and collagen foods. The investment amount includes the acquisition of an industrial land plot on the north side of Haoyuan North Street in the Hohhot Dairy Development Zone, covering an area of approximately 219 acres, construction of production facilities, and procurement of machinery and equipment. The group indicated that it has not yet obtained the land use rights for the land and has not signed any legally binding land transfer contracts. The investment agreement mainly outlines the cooperation framework between the contracting parties. (wh)
