China yeast specialist aims for IPO off aquafeed demand

(09/10/19)

China’s aquaculture sector is being eyed as a key driver for growth by a local yeast-focused feed ingredients firm which has doubled revenues over the last three years.

Zhejiang Dong Cheng Biotech Co Ltd (it also uses the brand name ‘Dochoo’) saw revenues total CNY 140 million (USD 19.7 million EUR 17.8 million) in 2018 and the firm aims to increase that figure to CNY 400 million (USD 56.2 million, EUR 50.9 million) in 2021, according to a presentation to investors by company management.

Established originally in 1996, the firm has developed yeast-based additives for feed companies in both the.............................................................


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