Xuan Thien Group’s 2,500 billion high-tech livestock project was approved for investment policy

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Thanh Hoa approved the investment policy of a high-tech livestock project of VND 2,500 billion.

Thanh Hoa Provincial People’s Committee recently decided to approve the investment policy and at the same time approve the investor of Xuan Thien Thanh Hoa 5 high-tech livestock project for Xuan Thien Thanh Hoa 5 Joint Stock Company.

This pig breeding and breeding project covers an area of ​​​​nearly 50 hectares in Van Am commune, Ngoc Lac district, Thanh Hoa province. Expected capacity is 5,000 sows, 35,000 pigs and employs about 150 workers.

The total investment capital of the project is about VND 2,500 billion, of which the investor’s contributed capital is VND 375 billion and the mobilized capital is VND 2,125 billion. The operation term is 50 years, counting from the date on which the investor receives a decision on land allocation, land lease or change of land use purpose.

According to the plan, the project of Xuan Thien Thanh Hoa 5 will be started construction in the fourth quarter of 2021 and is expected to come into operation in the fourth quarter of 2025.

It is known that Xuan Thien Thanh Hoa 5 Joint Stock Company is a member of Xuan Thien Group. This business was established in November 2020, operating in the main field of producing animal, poultry and aqua feed.

Charter capital is VND 682 billion, of which Xuan Thien Group under the legal entity Ea Sup 2 Joint Stock Company owns 52% of the shares. Mr. Nguyen Van Thien (chairman) and Mr. Bui Vo Cong (director) hold 43.5% and the remaining 4.5%.

In early 2021, Xuan Thien Group also proposed to invest in a complex project of production, husbandry, high-tech food processing and logistics Xuan Thien Dak Lak. Total investment is expected to be 20,000 billion VND, to be implemented in the period of 2021 – 2025 in Dak Lak province.

In Thanh Hoa province, Xuan Thien Group has just started the project of Xuan Thien Thanh Hoa hi-tech production and breeding complex with a total investment of 1.5 billion USD since the end of last year.

This is a complex of high-tech agricultural projects including a juice factory, three animal feed factories, a center for testing, demonstration and transfer of Ngoc Lac plant varieties.

An instant food processing factory from pork and a complex of 16 high-tech breeding projects according to European standards. The project has an expected annual revenue of over VND 37,000 billion, thereby contributing over VND 1,000 billion per year to the local budget.

Source: ndh.vn – Translated by fintel.vn