Beingmate (SHE:002570) plans to invest 80 million yuan in the construction of a rice flour production line and warehouse, according to a Shenzhen Stock Exchange filing on Friday.
The factory will produce 3,000 tons of wet rice flour every year after the construction is completed in 15 months, the Chinese food manufacturer said.
The company's shares soared 10% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.