Finance

See all articles

China's Dahu Aquaculture invests in new JV

The new venture will be set up in Changsha. 

Chinese firm Dahu Aquaculture said it is planning an aquatic product market management JV with partners, according to a statement

The new venture, to be set up in Changsha, will have a registered capital of CNY 160 million (€21 million/$23.5 million),

Dahu said it will invest CNY 81.6 million (€10.7 million/$12 million), which is equivalent to a 51 percent stake.

The JV will operate under Changsha Great Lakes Aquatic Products Market Management Co., Ltd.

Changsha Dahe West Agricultural Products Market Management will invest CNY 52.8 million (€6.9 million/$7.7 million), accounting for a 33 percent stake, while Luo Zining owns a 9 percent stake, investing CNY 14.4 million (€1.9 million/$2.1 million).

The new company's business scope ranges from the investment, construction and management of marine production lines, including for surimi and other frozen and processed items. 

Zhao Dehua is the vice president of the new company.

---

For more seafood news and updates, follow us on Facebook and Twitter or sign up for our daily newsletter.