Xinyangfeng Agricultural Technology Co., Ltd. agreed to acquire Baokang Zhuyuangou Mining Co., Ltd. from Hubei Xinyangfeng Mining Investment Co., Ltd. for CNY 535.3 million.
July 08, 2022
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Xinyangfeng Agricultural Technology Co., Ltd. (SZSE:000902) agreed to acquire Baokang Zhuyuangou Mining Co., Ltd. from Hubei Xinyangfeng Mining Investment Co., Ltd. for CNY 535.3 million on July 8, 2022. Xinyangfeng Agricultural Technology will use own fund of CNY 535.318 million to fund this transaction. The board of Xinyangfeng Agricultural Technology has approved the deal and still needs approval from shareholders of Xinyangfeng Agricultural Technology. Baokang Zhuyuangou Mining has reported total assets of CNY 169.9238 million as on May 31, 2022.
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.
YONFER AGRICULTURAL TECHNOLOGY CO., LTD. 
