The acquisition of Chinese tilapia giant Baiyang Industry Investment Group by the state-owned conglomerate set to host this year's China Fisheries and Seafood Show involves transferral of a CNY 987.3 million ($138.3 million/€124.4 million) stake in the company, new documents posted to the Shenzhen Stock Exchange have revealed.
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Buyout of Chinese whitefish giant Baiyang puts $100 million stake into government hands
New owner wants to build "bigger, stronger" Chinese marine industry.
1 June 2020 6:53 GMT
Updated
1 June 2020 11:38 GMT
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