SkyPeople Juice Group Co Ltd is a company organised under the laws of the People’s Republic of China, and a 99.78%-owned subsidiary of the Company.
The committee has been authorised by the People’s Government of Mei County to be in charge of the construction and administration of the Mei County National Kiwi Fruit Wholesale Trading Center for the development of production lines for the deep processing of kiwi products, as well as the establishment of a trading zone for the marketing and distribution of kiwi goods in Mei County, China.
Pursuant to the agreement, the Company will develop production lines for kiwi puree, kiwi fruit juice, kiwi pectin, kiwi seed oil extraction and frozen specialty fruit and vegetable products, as well as supporting facilities for such production such as a food safety inspection centre.
The project will also include the development of a kiwi-related materials trading zone to include a trading mall, fruit trading shelter and fruit-related materials trading shelter, with a planned area of 136 mu (approximately 22.4 acres).
The Company estimates that this part of the project will require a capital investment of RMB 151.3m.
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