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Angel Yeast Co.,Ltd. (600298.SH): The Indonesian company plans to implement a yeast production project with an annual output of 20,000 tons for 0.88 billion yuan.
On February 28, GLONG Hui announced that Angel Yeast Co., Ltd. (600298.SH) plans to optimize its Global yeast production layout and accelerate the advancement of its Global Strategy. Its subsidiary PT ANGELYEAST BUDI INDONESIA (hereinafter referred to as the Indonesia company) intends to invest in a yeast production project with an annual output of 0.02 million tons. The total estimated investment for the project is 880 million yuan, of which 511.34 million yuan will be financed through loans and other means, while 368.66 million yuan will be funded by the Indonesia company's own resources, with specific conditions subject to actual circumstances. The Indonesia company plans to purchase land in the central and southern part of South Sumatra, Indonesia, near the joint venture partner's sugar cane factory.
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