The Shandong-based pet food and treat manufacturer will assist financially pet companies that are not yet listed in the stock.
The company, trading on the Shenzhen Stock Exchange, disclosed in a filing that it plans to invest 125 million yuan ($19.5M / €18M) in an RMB fund set up by Beijing-based investment company Jinding Capital.
According to the filling accessed by GlobalPETS, the partnership will be focused on pet food, supplies, pet chain retail and other related industries.
“It mainly invests in the high-growth unlisted companies in the above-mentioned related fields inside and outside China,” it reads.
The investment was approved by the company’s board of directors on April 12th.
Yantai China Pet Foods was founded in 1998 and it claims to be the first SME in the Chinese pet industry to go public. The company has 17 factories and exports its pet food and treats to over 50 countries.
The latest articles
CULT Food starts cultivated pet food regulatory race in the US
A subsidiary of the Canadian cell-based firm is to file a feeding trial to seek approval to sell the product in the country.
Purina witnessing a deceleration, admits Nestlé’s CFO
The multinational’s pet portfolio increased sales in the first half of 2024. GlobalPETS dives into the latest earnings.
American biotech companies receive $36 million in investments
California-based NovoNutrients and Digestiva to scale their footprints in alternative protein.
Weekly newsletter to stay up-to-date
Discover what’s happening in the pet industry. Get the must-read stories and insights in your inbox.