Zhangzidao plans to raise 1.45 billion Yuan ($227 Mln) for Broodstock Facility, Ecommerce Platform
SEAFOODNEWS.COM [CS.com] Translated by Amy Zhong - August 31, 2015
Zhangzidao plans to raise 1.45 billion yuan ($227 million) through private placement to develop its marine broodstock sector and the e-commerce business.
Zhangzidao has published the private placement proposal on August 14. The company intends to get 1.45 billion yuan for the development of its broodstock project, its Business to Business e-commerce project and the repayment of bank loan. Among them, 184.79 million yuan will be used for the broodstock project, 162.42 million yuan for the ecommerce platform project, and the remaining 1.10279 billion yuan is for the bank loan.
According to the proposal, Zhangzidao plans to build an aquaculture technology platform of seafood...
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