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Founder of Chinese tilapia giant nets $140m in share sale to firm behind Qingdao show venue

Sun Zhongyi and Cai Jing sold 29.9% of shares in China's largest tilapia exporter for CNY 987m, or $139m, to a state-owned enterprise behind new China show venue 

By Louis Harkell | March 25, 2020 13:55 GMT
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Credit: Luciano Mortula - LGM/Shutterstock.com

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The founding family of China's largest tilapia exporter, Baiyang Investment Group, has sold most of its 47% stake in the firm to a large state-owned enterprise (SOE) behind the new venue holding the China Fisheries & Seafood Expo (CFSE).  [...]

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