April 17, 2012

China's New Wellfull to build US$52-million pig market

Hunan New Wellfull Co Ltd, which is engaged pig breeding and distribution, announced April 6 that its Hunan-based subsidiary plans to put up a pig market in Changsha, Hunan worth RMB330 million (US$52 million).

The project will have a construction area of 104,000 square metres.

New Wellfull, a Hunan Province-based firm, will join other shareholders of the subsidiary to inject a total of RMB45 million (US$7.12 million) into it to support the project.

Currently New Wellfull holds a 55% stake in the Hunan-based subsidiary.