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A citizen shows Hongfu sausage in Yichang, China
This footage was filmed and produced 11 March 2024.
[Note: no sound]
A citizen shows Hongfu sausage produced by Guangdong Rongye Food Co LTD in Yichang, Hubei province, China, March 11, 2024. Recently, Rongye Foods filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC) and plans to raise up to $30 million. The company plans to list on the NASDAQ under the ticker symbol "WYHG." Rongye food originated from the Qing Dynasty Guangxu year, has a history of more than 100 years. In fiscal year 2022, Rongye Food ranked second in terms of retail sales of cured meat products in China with a market share of 9.2%.
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