Tianshui Zhongxing Bio-Tech invests with affiliates, adjusts guarantees

Tianshui Zhongxing Bio-Technology (SZSE:002772) announced a joint investment with related parties to establish a food and medicinal mushroom industrial park in Sichuan province, while also adjusting its external guarantee limits for subsidiaries. The investment will be implemented through Sichuan Zhongxing Fungi Technology, a subsidiary which the company will own 71% of, with the remainder being held by company management and technical staff. The total investment is expected to reach CNY 700 million, with CNY 500 million allocated to the first phase.