26 Aug 2021 --- Angel Yeast Co. has established a joint venture (JV) company to invest RMB 100 million (US$15.4 million) to acquire yeast relevant assets of Shandong Bio Sunkeen Co. As part of the move, Angel Yeast will optimize its production capacity and further consolidate and strengthen its position. The China-based yeast giant has partnered with Shandong Lufa Holding company to establish Angel Yeast (Jining) Co., Ltd. Angel Yeast (Jining) and Bio Sunkeen’s yeast product production, while simultaneously transforming and upgrading its technological capabilities.