Wilmar's Fuyou Biotechnology Increases Capital by 33% to 2.56 Billion Yuan
Yihai Kerry (Fuyou) Biotechnology Co., Ltd. has undergone an industrial and commercial change, increasing its registered capital from 1.925 billion RMB to 2.56 billion RMB. This represents a capital increase of approximately 33%. The company, established in April 2018, is legally represented by Chen Xuesong. Its business scope includes grain purchasing, grain and oil storage services, grain sales, and feed ingredient sales. Yihai Kerry Fuyou Biotechnology is wholly owned by Yihai Kerry Arawana Holdings Co., Ltd., also known as Jinlongyu Food Group Co., Ltd.
This capital injection into Yihai Kerry's Fuyou Biotechnology subsidiary, increasing its registered capital by 33% to 2.56 billion RMB, signals a strategic expansion or investment in its operational capacity within the grain, oil, and feed sectors. The move by the parent company, Yihai Kerry Arawana Holdings, suggests confidence in the subsidiary's future growth prospects and potentially aims to enhance its market position or technological capabilities. Such investments are critical for companies navigating the evolving demands of food security and agricultural supply chains, especially in the context of global market fluctuations and the increasing integration of biotechnology in food production.
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