A Chinese-owned seafood company, Grandeast Inc has invested US$25m in a plant here and large amounts of shrimp are currently being processed.
This was disclosed yesterday in a release by the Ministry of Agriculture.
The release said that Grandeast Inc. is a wholly-owned subsidiary of Fuz-hou Hongpu Aquatic Pro-ducts Co., Ltd. in Fujian, China, a company specialising in “processing and trading of fishery products”.
