Zhejiang Agricultural Shares: Plans to acquire a 19% stake in Jincheng Automobile for no more than 64.98 million yuan

2026-03-08 12:21:03

Zhejiang Agricultural Shares Announcement: Its wholly-owned subsidiary, Zhejiang Agricultural Materials, plans to acquire up to 64.98 million yuan of the 19% equity stake in Zhejiang Agricultural Materials Group Jincheng Automotive Co., Ltd., held by Mr. Zeng Yuefang, using its own funds. After the transaction, Zhejiang Agricultural Materials will hold 71% of Jincheng Automotive. This transaction constitutes an affiliated transaction but does not constitute a major asset restructuring as defined by the Administrative Measures for Major Asset Restructuring of Listed Companies.

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