Bluestar Adisseo Company (SHSE:600299) entered into an agreement to acquire remaining 15% stake in Blue Star Adisseo Nutrition Group Co., Ltd. from China National BlueStar (Group) Co., Ltd. for CNY 3.6 billion on January 16, 2019. The consideration will be paid in two installments with first installment of 50% of consideration within five working days from first delivery date and remaining within five working days from second delivery date. The final consideration to be paid in cash will be decided after the asset assessment results. Bluestar Adisseo Company (SHSE:600299) signed a revised equity transfer agreement to acquire remaining 15% stake in Blue Star Adisseo Nutrition Group Co., Ltd. from China National BlueStar (Group) Co., Ltd. for CNY 3.1 billion on October 23, 2019. Transactional price has been momentarily set in CNY 3.086 billion. Pre deal, Bluestar Adisseo Company held 85% stake and post completion, it will hold 100% stake in Blue Star Adisseo Nutrition Group Co., Ltd. Post completion, Blue Star Adisseo Nutrition Group Co., Ltd. Will operate as a subsidiary. For the year ended December 31, 2018, Blue Star Adisseo Nutrition Group Co., Ltd. has total assets of CNY 18.74 billion, operating revenue of CNY 11.42 billion and net profit of CNY 1.17 billion. The deal is subject to obtaining funding for the payment. The transaction is subject to shareholders’ approval of Bluestar Adisseo Company in meeting due on February 1, 2019. The transaction has been approved by the 3rd meeting of the 7th directorate of Bluestar Adisseo Company on January 16, 2019. The deal is disapproved by the shareholders in meeting on August 8, 2019. The deal was unanimously approved by the Board of Directors of Bluestar Adisseo Company in the eight meeting of 7th directorate on October 23, 2019. The deal has been approved by the shareholder owning preference shares of Blue Star Adisseo Nutrition Group Co., Ltd. on October 23, 2019. Bluestar Adisseo Company (SHSE:600299) completed the acquisition remaining 15% stake in Blue Star Adisseo Nutrition Group Co., Ltd. from China National BlueStar (Group) Co., Ltd on April 28, 2020.