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feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Financials Reports Show Major Hog Companies Awash in Debt On 30 May, Ao Nong Biotechnology Co., Ltd., the fifth largest hog farming company in China based on 2022 sales, announced an emergency cash injection from its founder. Mr. Youlin Wu, the company’s head and controlling owner, reportedly provided RMB 500 million ($70.51 million) to keep the company afloat. At the same time, Mr. Wu announced he would sell about 87.1 million new shares to raise additional capital. The news immediately put the company under the spotlight over concerns about its ability to remain solvent. This situation has industry observers recalling last year’s delisting and subsequent bankruptcy restructuring involving Zhengbang Technology, whic...

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