On April 29, 2017, Wellhope signed a joint venture agreement with Sekar Bumi Tbk. to invest PT Sekar Golden Harvesta Company in Indonesia, which will engage in aquatic feed processing, aquaculture and trade buesinss.
The signing ceremony was held at FINNA Golf & Country Club of Sekar group, over 60 people attended in the ceremony, including Sekar group Chairman Shiwei Huang , Wellhope Chairman Weidong Jin, Consul General Jingqi Gu, etc.
As a major market player of many industries in Indonesia, Sekar group pursues providing high-quality products as its objective. It is best known for processing producing aquatic products and food. Chairman Huang is titled as “king of prawn crackers”. The prawn crackers produced by Sekar sell well both at home and abroad. Sekar Bumi Tbk, Wellhope's joint venture partner, is the world's famous frozen food processor, output of its prawn crackers ranks the top in Indonesia and it went public at the Indonesia Stock Exchange in 1992. The company specializes in producing frozen seafood and the import and export businesses, also conducts aquatic feed business including fishes and prawns. With the approval from FDA and ISO22000, its products have been sold in the US, Europe, Japan and several Asian countries.