Tibet Trust-Yunfeng 13 Single Fund Trust of Tibet Trust Corporation Limited, Asset Management Arm completed the acquisition of 5.9% stake of Pengdu Agriculture & Animal Husbandry Co., Ltd. from Shanghai Pengxin Group Co., Ltd.
January 19, 2021
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Tibet Trust-Yunfeng 13 Single Fund Trust of Tibet Trust Corporation Limited, Asset Management Arm signed a share transfer agreement to acquire 5.9% stake of Pengdu Agriculture & Animal Husbandry Co., Ltd. (SZSE:002505) from Shanghai Pengxin Group Co., Ltd. for CNY 1 billion on January 8, 2021. The offer per share is CNY 2.75. Transaction is subject to regulatory approval.
Tibet Trust-Yunfeng 13 Single Fund Trust of Tibet Trust Corporation Limited, Asset Management Arm completed the acquisition of 5.9% stake of Pengdu Agriculture & Animal Husbandry Co., Ltd. (SZSE:002505) from Shanghai Pengxin Group Co., Ltd. on January 20, 2021. On January 21, 2021, Pengdu Agriculture & Animal Husbandry Co., Ltd received confirmation of transfer registration issued by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch provided by Shanghai Pengxin Group Co., Ltd. and Tibet Trust. Post completion, Shanghai Pengxin Group Co., Ltd.’s shareholding ratio was reduced from 16.83% to 10.93% whereas Tibet Trust-Yunfeng 13 Single Fund Trust of Tibet Trust Corporation Limited, Asset Management Arm shareholding ratio was increased from 0% to 5.9%
Pengdu Agriculture & Animal Husbandry Co Ltd, formerly HUNAN DAKANG INTERNATIONAL FOOD & AGRICULTURE CO LTD, is a China-based company, principally engaged in the trading of proteins. The Company is also engaged in livestock breeding and non-staple food processing. The Company's products include feeds, live pigs, sheep, slaughtered meat products, milk and commodities. The Company distributes its products within domestic market and to overseas markets.
Tibet Trust-Yunfeng 13 Single Fund Trust of Tibet Trust Corporation Limited, Asset Management Arm completed the acquisition of 5.9% stake of Pengdu Agriculture & Animal Husbandry Co., Ltd. from Shanghai Pengxin Group Co., Ltd.