Yantang Dairy's subsidiary secures CNY 10m funding

Guangdong Yantang Dairy (SZSE:002732) announced that its wholly-owned subsidiary, Zhanjiang Yantang Dairy, is set to receive CNY 10 million in project funds from Guangdong Reclamation Group. This funding is allocated under the "2024 Guangdong Reclamation Urban Dairy Advantage Characteristic Industrial Cluster Project" and aligns with national policies supporting agricultural development. The funds will be specifically used to enhance the capacity of Zhanjiang Yantang’s western Guangdong modernization dairy production base. The project involves the introduction of two low-temperature dairy production lines. This is designed to upgrade Zhanjiang Yantang's production capacity and product portfolio. The company's board of supervisors approved the related transaction at its 17th meeting.