CNFC Overseas Fisheries Co.,Ltd completed the acquisition of CNFC Zhoushan Marine Fishery Products Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp. for CNY 270 million.
July 24, 2023
Share
CNFC Overseas Fisheries Co.,Ltd (SZSE:000798) entered into a equity transfer agreement to acquire CNFC Zhoushan Marine Fishery Products Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp. for CNY 270 million on May 22, 2023. As of December 31, 2022, CNFC Zhoushan Marine Fishery Products Co., Ltd. reported Revenue of CNY 640 million, Total assets worth CNY 550 million and Total common equity worth CNY 220 million. The transaction has already been approved by internal authorities of the CNFC Zhoushan Marine Fisheries Corp, and have been reviewed and approved by board of directors of CNFC Overseas Fisheries Co., Ltd and 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 CNFC Zhoushan Marine Fishery Products Co., Ltd. from CNFC Zhoushan Marine Fisheries Corp. 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 
