Guangdong VTR Bio-Tech Co., Ltd. completed the acquisition of 30% stake in Hunan Micolta Bioresource Inc. from Phytobiotics Futterzusatzstoffe GmbH.
January 04, 2024
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Guangdong VTR Bio-Tech Co., Ltd. (SZSE:300381) agreed to acquire 30% stake in Hunan Micolta Bioresource Inc. from Phytobiotics Futterzusatzstoffe GmbH on August 25, 2023. On August 25, 2023. Guangdong VTR Bio-Tech Co., Ltd. (SZSE:300381) signed share transfer agreement to acquire 30% stake in Hunan Micolta Bioresource Inc. from Phytobiotics Futterzusatzstoffe GmbH for CNY 80 million on October 23, 2023. On August 25, 2023, This has been approved by Guangdong VTR Bio-Tech Co., Ltd. 7th directorate during its 31st meeting. The transaction is approved by board of directors of Guangdong VTR Bio-Tech Co., Ltd in 32nd meeting of the seventh board of directors. This does not require approval by the company?s shareholders? meeting. As of December 13, 2023, parties signed supplementary agreement, The supplementary agreement was only adjustments in payment terms and order of processes, and did not require approval by the board of directors.
Guangdong VTR Bio-Tech Co., Ltd. (SZSE:300381) completed the acquisition of 30% stake in Hunan Micolta Bioresource Inc. from Phytobiotics Futterzusatzstoffe GmbH on January 5, 2024.
GUANGDONG VTR BIO -TECH CO., LTD is a feed enzyme preparations and bio-energy enzyme preparations producer. The Company principally engages in the manufacture and distribution of feedstuff additives, additive pre-mixed feedstuffs, veterinary powders and granules. The Companyâs products include enzyme preparations for feedstuffs, including composite enzyme for feedstuffs, phytase for feedstuffs and xylanase for feedstuffs, among others; bio-energy enzyme preparations; spinning enzyme products; food enzyme products; paper making enzyme products; other feedstuff additives, including antioxidants, acidifiers, attractants and fructo oligo saccharides feedstuff additives, as well as veterinary Chinese medicines.