Farmmi Inc. Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction Strategy

Reuters

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Farmmi Inc. Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction <a href="https://laohu8.com/S/MSTR">Strategy</a>

Farmmi, Inc. announced the sale of several of its wholly owned subsidiaries as part of its cost reduction measures. Zhejiang Yitang Medical Services Co., Ltd., a subsidiary of Farmmi, entered into a share transfer agreement with Lishui Chida Logistics Co., Ltd. to sell 100% of the equity of Guoning Zhonghao (Ningbo) Trade Co., Ltd. and Ningbo Farmmi Baitong Trade Co., Ltd. for approximately $1,394 and $697, respectively. Similarly, Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd., another Farmmi subsidiary, agreed to sell 100% of the equity of Zhejiang Farmmi Biotechnology Co., Ltd. to Lishui Damushan Tea Co., Ltd. for approximately $1,394. These transactions are part of a strategic effort to reduce costs associated with maintaining these subsidiaries, which had not been conducting substantial business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmmi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004872), on July 01, 2025, and is solely responsible for the information contained therein.

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Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction Strategy","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Farmmi Inc. Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Farmmi, Inc. announced the sale of several of its wholly owned subsidiaries as part of its cost reduction measures. 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Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction Strategy\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-01 18:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Farmmi Inc. Completes Sale of Zhejiang Farmmi Biotechnology Co., Ltd. as Part of Cost Reduction <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Farmmi, Inc. announced the sale of several of its wholly owned subsidiaries as part of its cost reduction measures. Zhejiang Yitang Medical Services Co., Ltd., a subsidiary of Farmmi, entered into a share transfer agreement with Lishui Chida Logistics Co., Ltd. to sell 100% of the equity of Guoning Zhonghao (Ningbo) Trade Co., Ltd. and Ningbo Farmmi Baitong Trade Co., Ltd. for approximately $1,394 and $697, respectively. Similarly, Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd., another Farmmi subsidiary, agreed to sell 100% of the equity of Zhejiang Farmmi Biotechnology Co., Ltd. to Lishui Damushan Tea Co., Ltd. for approximately $1,394. These transactions are part of a strategic effort to reduce costs associated with maintaining these subsidiaries, which had not been conducting substantial business.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmmi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004872), on July 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FAMI","symbol_name":"農米良品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDL525mrn:1","article_id":"2548607749","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548607749","pubTimestamp":1751364118,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Farmmi, Inc. announced the sale of several of its wholly owned subsidiaries as part of its cost reduction measures. Zhejiang Yitang Medical Services Co., Ltd., a subsidiary of Farmmi, entered into a share transfer agreement with Lishui Chida Logistics Co., Ltd. to sell 100% of the equity of Guoning Zhonghao  Trade Co., Ltd. and Ningbo Farmmi Baitong Trade Co., Ltd. for approximately $1,394 and $697, respectively. Similarly, Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd., another Farmmi subsidiary, agreed to sell 100% of the equity of Zhejiang Farmmi Biotechnology Co., Ltd. to Lishui Damushan Tea Co., Ltd. for approximately $1,394. 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Zhejiang Yitang Medical Services Co., Ltd., a subsidiary of Farmmi, entered into a share transfer agreement with Lishui Chida Logistics Co., Ltd. to sell 100% of the equity of Guoning Zhonghao (Ningbo) Trade Co., Ltd. and Ningbo Farmmi Baitong Trade Co., Ltd. for approximately $1,394 and $697, respectively. Similarly, Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd., another Farmmi subsidiary, agreed to sell 100% of the equity of Zhejiang Farmmi Biotechnology Co., Ltd. to Lishui Damushan Tea Co., Ltd. for approximately $1,394. These transactions are part of a strategic effort to reduce costs associated with maintaining these subsidiaries, which had not been conducting substantial business.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmmi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-25-004872), on July 01, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}