Shengnong Development: intends to acquire 54% equity of Anhui Taiyanggu Food

Jinshi Data News on December 19th, Shengnong Development announced that the company plans to acquire a total of 54.00% equity of Anhui Taiyanggu Food Technology (Group) Co., Ltd. held by Dehong Yuxi (Tianjin) Equity Investment Partnership Enterprise (Limited Partnership), Ancient Steel (HK) Limited, and Liao Junjie with its own funds or legally self-raised funds, including 31.73% equity of the target company held by Dehong Yuxi, 19.27% equity held by Ancient Steel, and 3.00% equity held by Liao Junjie. After the completion of this transaction, the company will hold 100% equity of the target company, and the target company will be included in the company's consolidated financial statements.

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