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Sources: China processor Longyuan exposed over mutual guarantee with Yilufa

China whitefish and salmon processor Qingdao Longyuan’s mutual guarantee with troubled processor Yilufa also puts it in difficulty, say sources in China and Europe

By Tom Seaman | Sept. 15, 2014 10:03 BST
Alaska Pollock
Double frozen pollock fillets, produced from headed and gutted raw material.
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The troubled financial situation for Chinese processor Qingdao Yilufa Group is also a worry for Qingdao Longyuan Aquatic Products, because of a mutual guarantee between the two companies, sources told Undercurrent News [...]

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