(Yicai Global) April 21 -- Yantai Shuangta Food shares [SHE:002481] took off after it confirmed to investors today on the Shenzhen bourse’s interactive platform it is an indirect provider of the pea protein used to make KFC's artificial meat products in China.
Shuangta Food vaulted 6.37 percent to close at CNY13.20 (USD1.87) today.
The company kept mum as to the identity of the direct buyer of its vegetarian protein and other details of the deal, however.
Fast food giant KFC announced yesterday it will pilot vegetable-based ersatz chicken menu items in some of its China outlets this month.
Editor: Ben Armour