Li Bang International to Buy 51% of Suzhou Yufengyuan Food Distribution

Reuters

02/27

Li Bang International to Buy 51% of Suzhou Yufengyuan Food Distribution

Li Bang International Corporation Inc.’s wholly owned unit, Jiangsu Li Bang Intelligent Technology Co., Ltd., signed a binding share purchase agreement to buy a 51% controlling stake in Suzhou Yufengyuan Food Distribution Co., Ltd., a catering service provider that supplies centrally prepared meals to institutional clients. Li Bang said the deal is expected to close on or before May 30, 2026, and it projects Yufengyuan will contribute about RMB150 million in consolidated revenue for full-year 2026, with ongoing contracts expected to total about RMB90 million by the end of June 2026.

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. Li Bang International Corporation Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602270900PRIMZONEFULLFEED9662869) on February 27, 2026, and is solely responsible for the information contained therein.

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Li Bang said the deal is expected to close on or before May 30, 2026, and it projects Yufengyuan will contribute about RMB150 million in consolidated revenue for full-year 2026, with ongoing contracts expected to total about RMB90 million by the end of June 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>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. Li Bang International Corporation Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602270900PRIMZONEFULLFEED9662869) on February 27, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014039.USD","symbol_name":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260227:nNDL2RHrwq:1","article_id":"2614515238","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614515238","pubTimestamp":1772200842,"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":"Li Bang International Corporation Inc.’s wholly owned unit, Jiangsu Li Bang Intelligent Technology Co., Ltd., signed a binding share purchase agreement to buy a 51% controlling stake in Suzhou Yufengyuan Food Distribution Co., Ltd., a catering service provider that supplies centrally prepared meals to institutional clients. 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