Wens Foodstuff Signs Four-Party Supervision Deal for Raised Funds' Special Accounts

MT Newswires Live

06/18

Wens Foodstuff (SHE:300498) entered into a four-party supervision with Xinxing County Sub-branch of Agricultural Bank of China and China International Capital (HKG:3908, SHA:601995) for special accounts for raised funds, according to a Shenzhen bourse filing on Wednesday.

The livestock company's shares fell 2% during Thursday's morning trade.

The special accounts will be for 245 million yuan, which will be used for the construction of the Danwei Breeding Community Project and the Daitang High-Efficiency Breeder Chicken Farm Project.

The funds were part of the 9.23 billion yuan in proceeds raised from the issuance of convertible bonds.

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