Dahu raises funds for further investment

Dahu aquaculture a Chinese company is trying to raises funds to invest in the breeding of softshell turtles, fish processing and cold chain logistics. Dahu is trying to raises around 360 million yuan (US$ 55.62 million) by issuing 35-50 million shares to its controlling shareholder Hunan Hongxin Holding, at 7.21 yuan (US$1.1) per share.

Hunan Hongxin Holding currently holds 92.74 million shares or 21.72 percent stake in Dahu but after the purchase it will hold 28 tp 30 percent stake. Yang Ming, the board secretary of Dahu Aquaculture, said "there is a huge market for freshwater fish following the oil spill in Mexico and the nuclear disaster in Japan". Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers