Longping Biotechnology Co., Ltd. announced that it expects to receive CNY 97 million in funding from Xinyangfeng Agricultural Technology Co., Ltd., Huzhou Jiushuo Equity Investment Partnership (Limited Partnership), and another investor
February 08, 2021
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Longping Biotechnology (Hainan) Co., Ltd. announced that it will receive CNY 97,000,000 in an equity round of funding on February 9, 2021. The transaction will include participation from Xinyangfeng Agricultural Technology Co., Ltd. (SZSE:000902) for CNY 50,000,000 for 8.38%, Jiang Rendei for CNY 25,000,000 for 4.19%, and Huzhou Jiushuo Equity Investment Partnership (Limited Partnership) for CNY 22,000,000 for 3.68% stake in the company. As a part of the transaction, CNY 9,700,000 will go to the registered capital. The company has signed an agreement with the investors. Pursuant to the transaction, the registered capital of the company will increase from CNY 50,000,000 to CNY 59,700,000.
YONFER Agricultural Technology Co Ltd, formerly Xinyangfeng Agricultural Technology Co Ltd, is a China-based company principally engaged in the research, development, production and sale of phosphate compound fertilizer and new fertilizers. The Company's main products include monoammonium phosphate, potassium sulfate compound fertilizer, urea-based compound fertilizer, tower compound fertilizer, bulk blend (BB) fertilizer, organic-inorganic fertilizer and calcium superphosphate, among others. The Company also provides solutions to the modern agricultural industry. The Company distributes its products in domestic market and to overseas markets.
Longping Biotechnology Co., Ltd. announced that it expects to receive CNY 97 million in funding from Xinyangfeng Agricultural Technology Co., Ltd., Huzhou Jiushuo Equity Investment Partnership (Limited Partnership), and another investor