[Asia Economy Reporter Lim Chunhan] Daesang announced on the 9th that it will invest approximately 26.5 billion KRW in Heilongjiang Fushi Food Group, a Chinese lysine production and sales company.
After the investment, Daesang's stake in Heilongjiang Fushi Food Group will be 32.9%.
Daesang stated that the purpose of this measure is "to expand the amino acid business by establishing a manufacturing base in China."
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