Xinyangfeng Agricultural Technology Co., Ltd. agreed to acquire Leibo Xinyangfeng Mining Co., Ltd. from Hubei Xinyangfeng Mining Investment Co., Ltd. for CNY 97.9 million.
July 22, 2021
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Xinyangfeng Agricultural Technology Co., Ltd. (SZSE:000902) agreed to acquire Leibo Xinyangfeng Mining Co., Ltd. from Hubei Xinyangfeng Mining Investment Co., Ltd. for CNY 97.9 million on July 23, 2021. As of May 31, 2021, Leibo had total assets of CNY 348 million and net assets of CNY 56.4 million. Board of Directors of Xinyangfeng approved the transaction.
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. 
