Muyuan Co., Ltd. increases the capital of its wholly-owned subsidiary by 5.15 billion yuan and intends to apply for a credit line not exceeding 70 billion yuan from financial institutions.

In the evening of December 6,Muyuan sharesreleaseannouncementAccording to the report, the company has increased the total capital of its wholly-owned subsidiaries by 5.15 billion yuan, the company’s subsidiaries have increased the total capital of its subsidiaries by 1.32 billion yuan, and the company has increased the capital of its holding subsidiaries by 426 million yuan.

In order to ensure that the company has sufficient production and operation and investment and construction funds, the company and its holding subsidiaries (including newly established or included in the scope of the consolidated statement) intend toBankThe total credit line applied by other financial institutions is no more than RMB 70 billion. The specific financing amount will be determined according to the actual capital needs of the company and its holding subsidiaries for production, operation and investment construction. The credit line for this application is valid from January 1, 2022 to December 31, 2022.

　　Muyuan sharesIt was disclosed in the November live pig sales briefing that the company sold 3.874 million live pigs (including 72,000 piglets), and sales revenue was 6.767 billion yuan. Among them, a total of 304,800 pigs were sold to Muyuan Meat Food Co., Ltd., a wholly-owned subsidiary, and its subsidiaries.

The briefing report shows that in November, the average sales price of the company’s commercial pigs was 15.96 yuan/kg, an increase of 34.34% over October 2021. In November 2021, the company’s commodity pig prices showed a fluctuating upward trend.

(Source: CDC Finance)

Article source: CDC Finance

Editor in charge: 73

Original title: Muyuan Co., Ltd. increased the capital of its wholly-owned subsidiary by 5.15 billion yuan, and plans to apply for a credit line not exceeding 70 billion yuan from financial institutions

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