Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Kerry Oils & Grains Ltd from Qingdao Changsheng Group Co.,Ltd. for approximately CNY 910 million.
May 25, 2020
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Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Kerry Oils & Grains (Qingdao) Ltd from Qingdao Changsheng Group Co.,Ltd. for approximately CNY 910 million on May 26, 2020. Under the terms of the transaction, Yihai Kerry Arawana Holdings Co., Ltd will pay purchase price by contribution of a building and the land use rights on which such building is situated on, that are collectively of a book value of CNY 12.2 million and cash of CNY 901.1 million. In a related deal, Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Qingdao Kerry Peanut Oil Co., Ltd from Qingdao Changsheng Group Co.,Ltd. for approximately CNY 66 million.
Yihai Kerry Arawana Holdings Co., Ltd completed the acquisition of 30% stake in Kerry Oils & Grains (Qingdao) Ltd from Qingdao Changsheng Group Co.,Ltd. on May 26, 2020.
Yihai Kerry Arawana Holdings Co., Ltd. specializes in the manufacture and marketing of food products, oils and food ingredients. The group offers edible and industrial animal and vegetable oils, edible fats, cereal products (rice, wheat, corn, soybeans, etc.), flour, noodles, animal feed, food additives, canned foods, etc.
Yihai Kerry Arawana Holdings Co., Ltd acquired 30% stake in Kerry Oils & Grains Ltd from Qingdao Changsheng Group Co.,Ltd. for approximately CNY 910 million.
YIHAI KERRY ARAWANA HOLDINGS CO., LTD 
