Jiajia Food Receives 87 Million Yuan Income From Partnership Fund

MT Newswires Live

05/26

Jiajia Food Group (SHE:002650) received income amounting to 86.8 million yuan as part of its investment in a partnership fund, according to a Shenzhen bourse filing.

In 2014, the condiment food products manufacturer invested 200 million yuan into the Hexing (Tianjin) Equity Investment Fund Partnership (Limited Partnership), owning 99.995% of its capital.

The company obtained 70.7 million yuan of pre-tax reserved equalization funds, which included 64.7 million yuan from the Eastroc Beverage (SHA:605499, HKG:9980) project, the Aimer (SHA:603511) project and 5.8 million yuan from the Zhongyin Babi Food (SHA:605338) project.

Jiajia also received 16.2 million yuan in share income, which consisted of 15.7 million yuan from the Eastroc project and 444,494.31 yuan from the Aimer project.

Jiajia's shares fell by less than 2% at the close.

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