Xinjiang Qialinong Agriculture Co., Ltd. announced that it expects to receive CNY 74 million in funding from Chacha Food Company, Limited
July 18, 2016
Share
Xinjiang Qialinong Agriculture Co., Ltd. announced that it will receive CNY 74,000,000 in funding from returning investor, Chacha Food Company, Limited (SZSE:002557) on July 19, 2016. Post-closing of the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 94,000,000. As part of the round, the investor will maintain its stake at 100% in the company.
The company reported total assets of CNY 248,945,999.16, net assets of CNY 24,964,056.32, revenue of CNY 64,635,879.58, and net profit of CNY 3,052,621.21 for the year ended December 31, 2015. The transaction was approved at the 20th session of the investor’s 3rd directorate.
CHACHA FOOD COMPANY, LIMITED is a China-based company principally engaged in the production and distribution of leisure food. The Companyâs main products include traditional roasted products, including sunflower seed series; high-end nut products, including walnuts; baked food, including potato chips, as well as fried food, pickled food, biscuits and agricultural and sideline products, among others. The Company distributes its products under the brand name of ChaCha. The Company distributes its products within domestic market and to overseas markets.
CHACHA FOOD COMPANY, LIMITED 
