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Angel Yeast proposes a contribution of $1 million to establish Singapore subsidiary

Apr 27, 2021

By Estella

On March 3 2021, Angel Yeast released that it will establish a wholly-owned subsidiary in Singapore, named Angel Yeast (Singapore) Pte Ltd. The subsidiary will be responsible for the businesses related to customer development, product sales, technology service, brand promotion, product research and development, etc. The tentative registered capital of Angel Singapore is 1 million US dollars (6.5 million RMB), the subsidiary is wholly owned by Angel Yeast.

In April 2021, the subsidiary will complete the decision-making procedure and the domestic review procedure for overseas investment. It plans to complete the registration process before the end of June 2021. By then, the subsidiary will start normal operation.

Angel Yeast has a good market growth basis in Singapore and has established an office locally. The establishment of Angel Singapore will facilitate the development of Asia-Pacific regional markets, bring the brand effects of Angel into full play, and further upgrade the international image.

About Angel:

Angel Yeast Company is a high-tech listed company specializing in yeast and biotech. Product business covers Yeast and Baking, Yeast Extract-Savoury, Nutrition & Health and Biotechnology fields. It is one of the world's leading companies in the yeast industry. Angel has 12 holding subsidiaries and provides products and services for more than 150 countries and regions.


Press contact:


Address: 168 Chengdong Avenue, Yichang, Hubei 443003, P. R.China

Tel: +86-717-6369520, 6369558

Fax: +86-717-6370680

email: aie@angelyeast.com

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