Jilin Kaichuang Agro-Pastoral Technology Co., Ltd. cancelled the acquisition of 51% stake in Henan Kaixing Agro-Pastoral Technology Co., Ltd. from Chuying Agro-pastoral Group Co., Ltd.
August 11, 2016
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Jilin Kaichuang Agro-Pastoral Technology Co., Ltd. agreed to acquire 51% stake in Henan Kaixing Agro-Pastoral Technology Co., Ltd. from Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) for CNY 5.1 million on August 12, 2015. Henan Kaixing Agro-Pastoral Technology Co., Ltd. reported total revenue of CNY 11.29 million, net profit of CNY 0.11 million, total assets of CNY 25.14 million and net assets of CNY 10.11 million for the period ending December 31, 2014. The transaction has been approved by Board of Directors of Chuying Agro-Pastoral Group Co., Ltd.
Jilin Kaichuang Agro-Pastoral Technology Co., Ltd. cancelled the acquisition of 51% stake in Henan Kaixing Agro-Pastoral Technology Co., Ltd. from Chuying Agro-pastoral Group Co., Ltd (SZSE:002477) on August 12, 2016.
Chuying Agro-Pastoral Group Co Ltd is a China-based company principally engaged in the breeding and distribution of livestock and related products. The Company primarily provides live pig products, including commodity piglets, boars and commodity hogs, as well as livestock products, among others. The Company is also engaged in the distribution of grain, vegetables, frozen products and processed food, as well as the provision of Internet breeding resource platform and other services. The Company mainly distributes its products within domestic markets.
Jilin Kaichuang Agro-Pastoral Technology Co., Ltd. cancelled the acquisition of 51% stake in Henan Kaixing Agro-Pastoral Technology Co., Ltd. from Chuying Agro-pastoral Group Co., Ltd.