YBTI plans to invest 16 million yuan in a coffee plantation project
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YBTI announced that it will invest 16 million yuan to establish a coffee plantation project in Lushui City, Nujiang Lisu Autonomous Prefecture, Yunnan Province. This move aims to promote the transformation and upgrading of the company's main business and build a complete coffee industry chain. The investment will be implemented through a wholly-owned subsidiary and a cooperation agreement will be signed with the local government and agricultural investment companies. This investment accounts for 1.77% of the company's net assets at the end of 2023
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