Asia Cassava Resources Holdings Limited (HK:0841) has released an update.
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Asia Cassava Resources Holdings Limited has announced the formation of a joint venture in Laos to expand its tapioca starch production and sales, committing $5 million for a 51% stake. The new venture will diversify the group’s existing dried cassava chip business and reduce its reliance on the Chinese market, aiming to enhance shareholder value through increased market coverage and industrial diversification. The agreement terms were deemed fair and are expected to support the company’s strategic development in the industry.
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