August 10 – Dalian Zhangzidao Fishery Group (002069.SZ) plans to form a joint venture and refrigeration logistics system in Dalian with Japanese firm Hohsui Corporation for a total investment of 180 million yuan, reports yicai.com, citing a company filing.

The project will occupy 54,000 square meters of land and will have 50,000 tons of storage capacity. Zhangzidao Fishery will contribute 88.75 million yuan for an 88.75-percent interest in the new entity.

Hurricane Muifa reportedly affected Zhangzidao Fishery’s subsidiary in Shandong Province, and initial estimates put losses at 30 million yuan.

Hohsui Corporation is based in Chuo District, Tokyo and is involved in the purchase and sale of marine products.

Source:CapitalVue