Gansu Yasheng Industrial (Group) Co.Ltd(600108) on January 18, it was announced that Gansu Yasheng Seed Industry Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 30 million yuan in monetary capital to establish Gansu Zhongken jade Seed Industry Co., Ltd., a wholly-owned subsidiary in Ganzhou District, Zhangye City, Gansu Province (subject to the final approval of the market supervision and Administration Bureau).
The company said that the establishment of a subsidiary of Yasheng seed industry company in Zhangye to establish an excellent corn breeding and seed production base is in line with the action plan for the revitalization of Seed Industry issued by the Ministry of agriculture and rural areas and the implementation plan for the revitalization of Hexi national corn breeding and seed production base issued by Gansu Province and other national and Gansu Province on the development direction and strategic layout of seed industry, so as to promote the healthy, stable and Orderly development, ensure the safety of agricultural seed production and national food security, give full play to regional advantages, enhance the integration ability of corn variety breeding, reproduction and promotion, expand and strengthen the company’s seed industry and improve the company’s economies of scale.
