Shuangta Foods recently disclosed a plan for the Non-public Issuance Plan of shares and planned to raise about 2.15 billion RMB (US$ 307 million). Shuangta is planning to invest 510 million RMB (US$ 73 million) in an egg-white extracting project and invest 445 million RMB (US$ 63 million) in a pea oligosaccharide extraction project. The company is also planning to invest 665 million RMB (US$ 94 million) in pea processing technology projects. The rest of 530 million RMB (US$ 75 million) will be dedicated to working capital.
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