Yongan Forestry establishes RMB 100m subsidiary in Putian

Fujian Yongan Forestry Group Joint-Stock announced the establishment of its wholly-owned subsidiary, Zhonglin (Putian) Forestry Development Co., Ltd., with registered capital of RMB 100 million.

The subsidiary's business scope includes afforestation, forest management and protection, timber sales, traditional Chinese medicine plant cultivation, edible fungus cultivation, forestry product sales, carbon sequestration services, and ecological restoration and protection.