CNFC Overseas Fisheries Co.,Ltd Completed the acquisition of 51.19% stake in China National Agricultural Development Group Zhoushan Overseas Fisheries Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp for approximately CNY 270 million
July 25, 2023
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CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) entered into a equity transfer agreement to acquire 51.19% stake in China National Agricultural Development Group Zhoushan Overseas Fisheries Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp. for approximately CNY 270 million on May 22, 2023. China National Agricultural Development Group Zhoushan Overseas Fisheries Co., Ltd Reported Total assets worth CNY 1.25 billion, Total Revenue of CNY 586.8 million and Total common equity of CNY 458.5 million in December 31, 2022. Transaction has already been approved by internal authorities of the sellers and has been approved by CNFC Overseas Fisheries's board of directors and shareholders.
CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) Completed the acquisition of 51.19% stake in China National Agricultural Development Group Zhoushan Overseas Fisheries Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp. on July 25, 2023.
CNFC Overseas Fisheries Co Ltd is a China-based company primarily engaged in offshore fishing business. The Company mainly operates four businesses. The fishing business is engaged in the fishing of tuna, squid, shrimp, soft-bodied fish, hard-bodied fish and other products. The fishery service business is engaged in marine refueling and transportation business. The food processing business is engaged in the processing of aquatic products. The aquatic products trading business is engaged in the import and export trade of aquatic products and related products. The Companyâs brands include Mingzhu, Fishing in Wonderland and other brands. The Company conducts its business in the domestic and overseas markets.
CNFC Overseas Fisheries Co.,Ltd Completed the acquisition of 51.19% stake in China National Agricultural Development Group Zhoushan Overseas Fisheries Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp for approximately CNY 270 million