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The competition has been intensified.

The company originally intended to raise 0 million but lowered that due to market conditions, the company said.

The company plans to set up a branch within one month for the new fund and pick some quality projects of Hainan's agricultural industry.

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The company said on Friday it intends to sell 85 million shares American depositary share (ADS), each representing two class A ordinary share, priced between and per share.

The company logo of ICBC is seen at Xuchang, Henan province. [Geng Guoqing/Asianewsphoto]

The company said in the Tuesday announcement that it will also provide training materials for non-company workers at the roughly 6,000 licensed Starbucks cafes that will remain open in locations such as grocery stores and airports.

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The company said a total of 1,120 volunteers were vaccinated during the phase-1 and phase-2 clinical trials, all of whom produced high-titer antibodies. In the 18-to-59-year-old age group, those who got two doses of vaccine based on the 0-and-28-day procedure demonstrated 100 percent antibody positive conversion rate, while those who got two doses based on the 0-and-14-day procedure and 0-and-21-day procedure showed a 97.6 percent antibody positive conversion rate.

The company is now looking ahead to Singles Day on Nov. 11, a tradition in China similar to Valentines Day, which brought record sales last year.

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The company's breeding base is in Yangqu county, which is at a high altitude and has a climate similar to conditions in the Andes, Deng said.

The company was ordered to suspend production, and senior executives face serious criminal penalties. The company was ordered to pay fines of 9.1 billion yuan (.3 billion) for violations involving the fabrication of production records and using expired materials in its rabies vaccine.