Qingdao Hongheng Yahe Industrial Co., Ltd. completed the acquisition of 6% stake in Shandong Longda Meat Foodstuff Co.,Ltd from Longda Foodstuff Group Co., Ltd.
January 11, 2021
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Qingdao Hongheng Yahe Industrial Co., Ltd. signed Share Transfer Agreement to acquire 6% stake in Shandong Longda Meat Foodstuff Co.,Ltd (SZSE:002726) from Longda Foodstuff Group Co., Ltd for approximately CNY 730 million on December 11, 2020. As per terms of transaction, Qingdao Hongheng Yahe Industrial Co., Ltd. will acquire 59.7142 million shares representing 6% stake in Shandong Longda Meat Foodstuff Co.,Ltd at CNY 12.30 per share. Within 15 working days from the agreement signing date, Qingdao Hongheng Yahe Industrial Co., Ltd. will pay CNY 60 million and the remaining amount will be paid after the completion of the transfer. Post completion, Longda Foodstuff Group Co., Ltd will hold 4.84% stake in Shandong Longda Meat Foodstuff Co.,Ltd.
Qingdao Hongheng Yahe Industrial Co., Ltd. completed the acquisition of 6% stake in Shandong Longda Meat Foodstuff Co.,Ltd (SZSE:002726) from Longda Foodstuff Group Co., Ltd on January 12, 2021.
Shandong Longda Meishi Co Ltd, formerly Shandong Longda Meat Foodstuff Co Ltd, is a China-based company mainly engaged in meat processing business. The Company's main businesses are slaughter finishing and meat product processing. The Company's main products include raw food and high and low temperature meat products such as cold fresh meat and frozen meat, frozen preparations, casual meat products and Xuanwei ham. The Company is also engaged in pig breeding business and the import trade of meat products.
Qingdao Hongheng Yahe Industrial Co., Ltd. completed the acquisition of 6% stake in Shandong Longda Meat Foodstuff Co.,Ltd from Longda Foodstuff Group Co., Ltd.
SHANDONG LONGDA MEISHI CO., LTD. 
