Xiamen Yan Palace Bird's Nest Industry Signs Three-Year Product Sales Pact With Unit

MT Newswires Live

Sep 15

Xiamen Yan Palace Bird's Nest Industry Co (HKG:1497) has signed an agreement with its subsidiary, Shenzhen Yan Palace, to sell Edible Bird's Nest (EBN) products, according to a Monday bourse filing.

The company said that, under the agreement, Shenzhen Yan Palace will be eligible to sell EBN products worth up to 6 million yuan, 25 million yuan, and 55 million yuan each year from 2026 through 2028.

Additionally, Huang Junhao, who oversees Shenzhen Yan Palace, has boosted his stakeholding in the company's unit to 20% from 9%.

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