SHANGHAI :
Chinese Dumpling Maker Goubuli to Take Control of Probiotics Australia
Zhang Yushuo
DATE:  Apr 26 2019
/ SOURCE:  yicai

(Yicai Global) April 26 -- Chinese steamed dumpling label Goubuli has penned a deal to take a controlling stake in Probiotics Australia.

The Tianjin-based firm plans to use the target to build a new factory for dietary supplements and raw materials for probiotics, Shanghai Securities News reported.

Construction of the first phase of the project will begin on May 13, and when complete the facility will be able to produce 35 tons, or CNY500 million (USD74.3 million), of concentrated probiotics with the active ingredient Lactobacillus acidophilus each year, said Goubuli Chairman Zhang Yanseng.

Editor: James Boynton 

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Keywords:   Australia