January 31, 2012

Shanghai Maling Aquarius Co. to boost pig project

Shanghai Maling Aquarius Co., Ltd. opened its board resolution on January 29, greenlighting Shanghai Aisen Meat & Food Co. Ltd., its wholly-owned subsidiary, to build and boost its 50,000-pig project with estimated total investment of RMB92 million (US$14.58 million).

According to the announcement, the project covers one new standard plant with annual capacity of 35,000 pigs and expansion of a standard plant with annual capacity of 15,000 pigs. The predicted return on investment (ROI) is 7.36% and payoff period is 10.31 years (including the construction period and livestock breeding period).

Shanghai Maling will provide RMB50 million (US$7.92 million) for its subsidiary in order to support the latter's business and the said project.