Zhongxing Mushroom Industry (002772.SZ) plans to invest 550 million yuan to build the Lianshui Edible Fungi Industrial Park Project

Zhitong Finance App News, Zhongxing Fungi Industry (002772.SZ) issued an announcement. According to the company's production base layout strategy of “based in the northwest, facing the whole country, and going to the world” and the cultivation variety development strategy of “mainly enoki mushrooms and bisporus mushrooms, and multi-variety collaborative development”, in order to further consolidate and increase the market share of the company's bisporus products, the company plans to sign an “Investment Promotion Contract” with the Lianshui County People's Government. It is intended to invest in the establishment of a wholly-owned subsidiary, Jiangsu Zhongxing Bacteria Technology Co., Ltd. (tentative name, subject to the registration of information approved by the market supervision and administration department).) It also built and implemented the “Lianshui Edible Fungi Industrial Park Project”. The total investment of the project is estimated at 550 million yuan, of which 450 million yuan is invested in fixed assets.

The purpose of this foreign investment is to further implement the company's development strategy, which is conducive to further consolidating and increasing the market share of the company's bisporus products, enhancing the company's profitability, and achieving sustainable development; it is conducive to continuously improving the company's overall competitiveness and further meeting market demand.