Huazi Industrial (600191.SH) plans to establish Baotou Henglu Biotechnology Co., Ltd.

Zhitong Finance App News, Huazi Industrial (600191.SH) announced that the company plans to establish a wholly-owned subsidiary “Baotou Henglu Biotechnology Co., Ltd.” (the name is finally approved by the Market Supervision Administration), with a registered capital of 10 million yuan, and 100% of the company's capital.

The subsidiary was established to effectively promote the company's “innovation-driven, diversified layout, and industrial upgrading” development strategy. The company's existing products include xanthan gum, resistant dextrin, etc. Xanthan gum is an important additive in cosmetics, and a new subsidiary is using it to develop skincare products; resistant dextrin is a soluble dietary fiber and has certain benefits for weight loss. The new sub-plan is to launch convenient nutritious meal replacement products such as lightweight meal replacement powder and nutritious meal replacement drinks. The development of the new products mentioned above will help the company continue to lengthen the industrial chain and enhance the product value chain.

After the establishment, the subsidiary will work with industry experts, scholars and research institutes to closely track cutting-edge technologies and industry trends such as biological fermentation and health products, and explore the development of the big health industry, in line with the existing Baotou Huazi Synthetic Biology and Microbial Modification Technology Academician Workstation and the “Co-Creation Base” jointly built with the Key Laboratory of Environmental Biotechnology of the Chinese Academy of Sciences.