Tongxu Muyuan Farming Co., Ltd. announced that it expects to receive CNY 50 million in funding from Muyuan Foods Co.,Ltd.
Tongxu Muyuan Farming Co., Ltd. announced that it will receive CNY 50,000,000 in a round of equity funding on January 23, 2017. The transaction will include participation from returning investor Muyuan Foods Co.,Ltd. (SZSE:002714) to maintain its 100% stake in the company after the transaction. The transaction has been approved at the 51st meeting of the 2nd directorate of the investor and also need its shareholders’ approval.