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China Wood International Holding Co., Limited ( (HK:1822) ) just unveiled an announcement.
China Wood International Holding Co., Limited announced additional information regarding its recent share placement, highlighting the development of its food and beverage business segment. The company has allocated HK$44.6 million from a rights issue, with a significant portion directed towards research and development in areas such as fermentation and personalized nutrition. The company is also exploring opportunities to acquire interests in synthetic biology infrastructure, which could enhance its capabilities in strain design and fermentation processes.
More about China Wood International Holding Co., Limited
China Wood International Holding Co., Limited is involved in the food and beverage industry, focusing on research and development of proprietary rights and technology. The company aims to enhance its competitive advantage through high-throughput fermentation, microbiota and health food correlation, genetic testing-based personalized nutrition, and gene-edited microbial production of food ingredients.
Average Trading Volume: 1,114,737
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$110.2M
Learn more about 1822 stock on TipRanks’ Stock Analysis page.