CNFC Overseas Fisheries Co.,Ltd Completed the acquisition of 51% stake in Zhongyu Global Seafood Co., Ltd. from Zhongyu Global Seafood Co., Ltd for CNY 1.06 billion.
July 25, 2023
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CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) entered into a equity transfer agreement to acquire 51% stake in Zhongyu Global Seafood Co., Ltd. from Zhongyu Global Seafood Co., Ltd. for CNY 1.06 billion on May 22, 2023. Zhongyu Global Seafood Co., Ltd. reported Revenue of CNY 2.4 billion, Total assets worth CNY 2.57 billion and Total common equity worth CNY 1.76 billion on December 31, 2023. Transaction is already been approved by internal authorities of the sellers, transaction has already been reviewed and approved by board of directors of CNFC Overseas Fisheries Co., Ltd and transaction has already been reviewed and approved in shareholders? meeting in 2023 of CNFC Overseas Fisheries Co., Ltd.
CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) Completed the acquisition of 51% stake in Zhongyu Global Seafood Co., Ltd. from Zhongyu Global Seafood Co., Ltd. on July 25, 2023.
CNFC Overseas Fisheries Co Ltd is a China-based company principally engaged in the offshore fishing business. The Company is mainly engaged in offshore fishing, aquatic product processing, trading business, fishery services, marine biotechnology and other businesses. The Company's main products include soft-bodied fish, hard-bodied fish, shrimp, crab, shellfish and their products. The Company's products are mainly sold through brands such as Mingzhu, Zhongshui Yuanyang, Zhongyu Xianjing, Zhongshui Haizhongjin, Haisikang and Jinxiang. The Company primarily conducts its businesses in domestic and overseas markets such as Africa, Europe, the United States, Japan, South Korea, and the Middle East.
CNFC Overseas Fisheries Co.,Ltd Completed the acquisition of 51% stake in Zhongyu Global Seafood Co., Ltd. from Zhongyu Global Seafood Co., Ltd for CNY 1.06 billion.
CNFC OVERSEAS FISHERIES CO.,LTD 
