SHENGUAN HLDGS (00829.HK): Enters Framework Investment Agreement, Proposes RMB 90 Million Collagen Food Production Project
NewTimeSpace News: On 13 August 2026, Shenguan Holdings (Group) Limited (stock code: 00829) announced that its indirect wholly-owned subsidiary, Inner Mongolia Shengguan Biotechnology Co., Ltd., entered into a framework investment agreement with the People's Government of Helingeer County to potentially invest in a collagen food production project in the Horinger Dairy Development Zone, Inner Mongolia. The project's main business scope covers collagen raw material preparation and food processing, as well as the production and sale of edible collagen casings and collagen foods.
The total investment amount is currently estimated at RMB 90 million, including the estimated cost of acquiring the land use right, construction of production facilities, and purchase of machinery and equipment. The proposed site is an approximately 219-mu industrial plot (class I industrial land) north of Haoyuan North Street in the Horinger Dairy Development Zone (subject to the actual land area granted). The acquisition of the land use right is subject to Shengguan Biotechnology's participation in and winning of the bidding/auction for the land, and the Company's full compliance with all applicable disclosure and/or shareholders' approval requirements under the Listing Rules.
The Company stated that the land is adjacent to a major high-quality cattle hide production area, and the project will enhance its medium- and large-caliber collagen casing capacity, reduce raw material logistics costs and support its global strategic layout. If realized, the project is expected to constitute a disclosable transaction under the Listing Rules. The Company also cautioned that the investment agreement is only a framework agreement, that Shengguan Biotechnology has not yet obtained the land use right, and that there is no guarantee that the acquisition or the project will proceed or materialize.
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