Tuesday, August 10, 2010

FBD: China Minzhong Food Corporation raises stake in Fujian Minzhong Organic Food (China)

"August 5 - The Board of Directors of China Minzhong Food Corporation Limited wishes to announce that the Company has completed its investment in the capital of its wholly-owned subsidiary, Fujian Minzhong Organic Food Co., Ltd from US$29,080,000 to US$99,080,000, which had been previously approved by the Board.

The Board has approved a further increase in its investment in the capital of Fujian Minzhong from US$99,080,000 to US$125,080,000."

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