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Prumix daily Dated on 2024-05-16Food Additives: Hong G Biotech, a local breast milk oligosaccharide company, completed its first round of financing. On May 13, a reporter from the Beijing News learned from Monmilk that its subsidiary Hongg Biotechnology (Shanghai) Co., Ltd. recently completed a Pre-A round of financing of nearly 100 million yuan, led by CICC Qide Fund and followed by Moutai Fund. This round of funds will be used for the research and development, laboratory construction, industrialization implementation, and commercialization promotion of Hong G Biotech’s new products.
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