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Baoli Foods announced that its wholly-owned subsidiary Shanghai Baorun plans to combine and develop its own land with the new land it competed for in April 2025. On July 27, 2026, Shanghai Baorun signed the “Shanghai State-owned Construction Land Use Rights Concession Contract” and “Industrial Development Cooperation Agreement” with the Shanghai Jinshan District Planning and Natural Resources Bureau and the Tinglin Town People's Government respectively. The total area of the parcels sold is 40,985.24 square meters, and the land concession has been paid; the project is the construction of an intelligent production base, and the fixed asset investment is not less than 278 million yuan. The project will enhance the company's competitiveness after completion, but the investment progress may be affected by the financial situation.
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Baoli Foods announced that its wholly-owned subsidiary Shanghai Baorun plans to combine and develop its own land with the new land it competed for in April 2025. On July 27, 2026, Shanghai Baorun signed the “Shanghai State-owned Construction Land Use Rights Concession Contract” and “Industrial Development Cooperation Agreement” with the Shanghai Jinshan District Planning and Natural Resources Bureau and the Tinglin Town People's Government respectively. The total area of the parcels sold is 40,985.24 square meters, and the land concession has been paid; the project is the construction of an intelligent production base, and the fixed asset investment is not less than 278 million yuan. The project will enhance the company's competitiveness after completion, but the investment progress may be affected by the financial situation.
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