Tecon Biology shifts strategy, reallocates funds for growth

Tecon Biology [SZSE:002100] is strategically reallocating its capital to optimize resource utilization and adapt to evolving market dynamics. The company will terminate the "Gansu Tiankang Agricultural Technology Co., Ltd. 30,000 Head Pig Breeding and 20,000 Head Fattening Pig Breeding Project." The remaining funds, approximately 50.1 million RMB, will be channeled into the company's general operating capital. Additionally, the firm modified its existing project. The implementation location and entity for the "Tecon Biology Co., Ltd. 30,000 Head Pig Breeding and 20,000 Head Fattening Pig Base Construction Project" will shift from the Fourth Regiment of the First Division of the Xinjiang Production and Construction Corps to the Thirty-Seventh Regiment of the Second Division. The implementation entity will also change to Xinjiang Tiankang Jinshan Agricultural. These moves aim to improve efficiency and adapt to changing market conditions in the pig farming industry.