Xinjiang Zhongtai Agricultural Development Co., Ltd. completed the acquisition of 12% stake in Shandong Delisi Food Co., Ltd. from Zhucheng Tongluren Investment Co., Ltd.
September 01, 2020
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Xinjiang Zhongtai Agricultural Development Co., Ltd. entered into an share transfer agreement to acquire 12% stake in Shandong Delisi Food Co., Ltd. (SZSE:002330) from Zhucheng Tongluren Investment Co., Ltd. for approximately CNY 460 million on August 23, 2020. As per the agreement, Xinjiang Zhongtai Agricultural Development Co., Ltd. will acquire 60.45 million shares of Shandong Delisi Food Co at CNY 7.59 per share. Upon completion, Zhucheng Tongluren Investment Co., Ltd. will hold 30.88% stake in Shandong Delisi Food.
Xinjiang Zhongtai Agricultural Development Co., Ltd. completed the acquisition of 12% stake in Shandong Delisi Food Co., Ltd. (SZSE:002330) from Zhucheng Tongluren Investment Co., Ltd. on September 2, 2020. The transaction was approved by Shenzhen Stock Exchange and obtained the securities transfer registration confirmation issued by China Securities Depository and Clearing Co., Ltd.
SHANDONG DELISI FOOD CO., LTD. is a China-based company principally engaged in the production, processing and sales of meat products. The Company's main products include low-temperature meat products, cooked-meat products, fermented meat products and other meat products, egg products, instant noodle and rice products, frozen meat products and other frozen food, beverages, seasonings and animal by-products. The Company is also engaged in the heating and power supply businesses.
Xinjiang Zhongtai Agricultural Development Co., Ltd. completed the acquisition of 12% stake in Shandong Delisi Food Co., Ltd. from Zhucheng Tongluren Investment Co., Ltd.
SHANDONG DELISI FOOD CO., LTD. 
