Caogenzhiben Group agreed to acquire 45% stake in Chongqing Xinniu Hanhong Industrial Co., Ltd. from New Hope Dairy Co., Ltd. for approximately CNY 150 million.

Caogenzhiben Group agreed to acquire 45% stake in Chongqing Xinniu Hanhong Industrial Co., Ltd. from New Hope Dairy Co., Ltd. (SZSE:002946) for approximately CNY 150 million on November 28, 2023. As of September 30, 2023, Chongqing Xinniu Hanhong Industrial Co., Ltd. generated total assets of CNY 118.2 million and net assets of CNY 16.4 million.