China Carbon Neutral Development Group Limited (CCNG) has announced that it has signed a letter of intent for the acquisition of shares from China Agricultural Sea Rice (Shenzhen) Biotechnology Company Limited. This marks a significant step in CCNG's expansion into the comprehensive utilization of saline-alkali land, leveraging China Agricultural Sea Rice's core technologies and resources. The acquisition is expected to advance the transformation of saline-alkali land into "carbon sink's positive assets" and enhance regional green ecological standards. The purchase price for the shares will be negotiated and determined by both parties following due diligence and evaluation.
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