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2007-2-1 11:37:00 a.m. HKT, XFNA
Lam Soon (Hong Kong) to invest 80 mln yuan in new Shandong plant
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HONG KONG (XFN-ASIA) - Lam Soon (Hong Kong) Ltd said it will invest 80
mln yuan in a manufacturing and storage facility for wheat and flour products
in Shandong province.
The company said in a statement that the investment ""would enable the
group to build a regional manufacturing base,"" which will produce 500 metric
tons of wheat products daily.
It said it will seek approval from Chinese regulators to set up a wholly
foreign-owned enterprise to undertake the project.
leonora.walet@xfn.com
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