Guilin Layn Natural Ingredients (SHE:002166) agreed to terminate in advance the establishment of an industrial hemp atomization retailer in the US to mitigate losses, according to a Shenzhen Stock Exchange filing on Friday.
The Chinese artificial sweeteners and natural flavors manufacturer expects to incur losses worth $1.1 million in 2024 after investing $2 million into the project company, the filing said.
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