Yantai China Pet Foods joins pet investment fund
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.