China Beidahuang Unit Buys 51% Stake Agricultural Product Firm

MT Newswires Live

2025/01/28

China Beidahuang Industry (HKG:0039) unit Shenzhen Tianyu Magic Food Technology agreed to acquire a 51% equity stake in Hunan Tianyu Ecological Agriculture Development from Yueyang Huayuyuan Trading for nearly 14.3 million yuan, a Monday bourse filing said.

The target company engages mainly in processing and sales of agricultural and sideline products, meat products, andvegetable products, as well as the procurement, planting, storage and sale of fresh vegetables, grain, oil crop, and edible oil.

Hunan Tianyu Ecological Agriculture Development also holds the land use rights for a piece of industrial land in Yueyang, Hunan Province, with an aggregate site area of 16,388 square metres.

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