Yunnan Bowin Technology Industry (SHA:600883) plans to invest 20 million yuan to establish a wholly owned subsidiary in Lushui City in China's Yunnan Province.
Tentatively named Nujiang Bowen Coffee, the subsidiary will focus on specialty coffee cultivation and processing, according to a Wednesday filing with the Shanghai bourse.
Yunnan Bowin Technology Industry is engaged in cement grinding and the sale of cement products as well as the edible fungi, ham and coffee businesses. Its shares closed 8% higher Wednesday.
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