Winall Hi-tech Seed Co., Ltd. signed the share transfer agreement to acquire 60% stake in Xinjiang Jinfengyuan Seeds Co., Ltd. from Zhang Yinbao, Xing Cangjie, Chen Changqing, Abulizi·Rouzi, Yu Weizhong, Liu Jun, Zhu Gang, Du Shucong for approximately CNY 210 million.
September 27, 2021
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Winall Hi-tech Seed Co., Ltd. (SZSE:300087) signed the share transfer agreement to acquire 60% stake in Xinjiang Jinfengyuan Seeds Co., Ltd. from Zhang Yinbao, Xing Cangjie, Chen Changqing, Abulizi·Rouzi, Yu Weizhong, Liu Jun, Zhu Gang, Du Shucong for approximately CNY 210 million on September 27, 2021. The company will use its own funds self-raised funds of CNY 213 million for the acquisition.
Winall Hi-tech Seed Co., Ltd. is a China-based company principally engaged in the research and development, breeding, promotion and services of crop seeds, mainly including rice seeds, corn seeds and wheat seeds. The Company is also engaged in the research, development and breeding of rape, cotton, watermelon, melon and vegetable seeds. The Company distributes its products in domestic and overseas markets.
Winall Hi-tech Seed Co., Ltd. signed the share transfer agreement to acquire 60% stake in Xinjiang Jinfengyuan Seeds Co., Ltd. from Zhang Yinbao, Xing Cangjie, Chen Changqing, Abulizi·Rouzi, Yu Weizhong, Liu Jun, Zhu Gang, Du Shucong for approximately CNY 210 million.
WINALL HI-TECH SEED CO., LTD. 
