China Star Food Group Ltd. (SG:42W) has released an update.
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China Star Food Group Ltd. has announced a reallocation of S$8,400,000 from its FY2022 Placement to fund renovations and equipment purchases for its subsidiary, Fujian Zixin’s new manufacturing facilities. The Board believes this move, which will proceed as a loan subject to necessary approvals, is in the Group’s best interest, particularly as its China operations show post-pandemic recovery.
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