Biosynth International, Inc. and Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) acquired Raw material factory from Shandong Kexing Bioproducts Co,.Ltd (SHSE:688136) on November 10, 2021. With this acquisition, Biosynth Carbosynth's and Shengquan's joint venture Carbotang expands its production capacities significantly. The more than 30,000 square meter property contains a comprehensive factory building on 5 floors, a demo workshop and a large warehouse including state-of-the-art dangerous material storage.

Biosynth International, Inc. and Jinan Shengquan Group Share Holding Co., Ltd. (SHSE:605589) completed the acquisition of Raw material factory from Shandong Kexing Bioproducts Co,.Ltd (SHSE:688136) on November 10, 2021.