There's No Escaping Angel Yeast Co., Ltd's (SHSE:600298) Muted Earnings

Simply Wall StMar 13 21:14 ET

Angel Yeast to Invest 880 Million Yuan in Indonesian Yeast Facility

MT NewswiresMar 3 00:01 ET

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.

Gelonghui FinanceFeb 28 05:22 ET

Is Angel Yeast (SHSE:600298) A Risky Investment?

Simply Wall StFeb 23 20:56 ET

Angel Yeast Co., Ltd (SHSE:600298) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

Simply Wall StFeb 5 21:24 ET

Boosting Yeast Protein Production to Meet the Growing Global Demand for Alternative Proteins

PR NewswireJan 17 09:43 ET