Hebei Taihang Hefeng Food Co., Ltd. announced that it expects to receive CNY 140 million in funding from Wellhope Foods Co., Ltd., Hebei Enkang Animal Husbandry Co., Ltd.
May 07, 2021
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Hebei Taihang Hefeng Food Co., Ltd. announced that it will raise CNY 140 million in a equity round of funding on May 8, 2021. The transaction included participation from returning investor Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd. for CNY 86.5 million and Hebei Enkang Animal Husbandry Co., Ltd. for CNY 53.2 million in the transaction. The transaction was approved by the board of directors in fourth meeting of seventh board of directors, and it does not need to be submitted to the company's shareholders meeting for deliberation.
The investor, Hebei Enkang Animal Husbandry Co., Ltd. will hold 38% stake pre and post transaction and the company will be a subsidiary after the transaction.
Wellhope Foods Co Ltd is a China-based company primarily engaged in the production and sales of feed. The Company is mainly engaged in three businesses. The feed and feed raw material trading business is mainly engaged in the production and sales of pig feed, poultry feed, ruminant feed and other feed, as well as bulk feed raw materials such as fish meal, soybean meal, corn by-products, and feed additive products such as amino acids, antioxidants, antifungal agents, and vitamins. The meat and poultry business is mainly engaged in broiler breeder chicken breeding, hatching, feed production, commercial broiler chicken breeding, broiler slaughtering and processing, as well as deep processing of prepared products and cooked food. The pig business is mainly engaged in breeding and sales of breeding pigs, sales of commercial piglets, free-range fattening pigs and a small amount of self-raising, and pig slaughtering. The Company mainly conducts its businesses in the domestic market.
Hebei Taihang Hefeng Food Co., Ltd. announced that it expects to receive CNY 140 million in funding from Wellhope Foods Co., Ltd., Hebei Enkang Animal Husbandry Co., Ltd.
WELLHOPE FOODS CO., LTD. 
