Qingdao Beer has founded a new biotechnology company.

Qichacha APP shows that recently, Qingdao Beer Biotechnology Co., Ltd. was established, with Yang Zhenguo as the legal representative and a registered capital of 421 million yuan. Its business scope includes research and development of organic bio-fertilizers, research and development of compound microbial fertilizers, biomass energy technology services, solid waste treatment, etc. Qichacha's equity penetration shows that the company is fully owned by Qingdao Beer.