Financials, Technology Jan 27, 2022 09:20 PM (GMT+8) · EqualOcean
Fengle Seed Industry announced that Zhangye fengle, a wholly-owned subsidiary of the company, plans to purchase 100% equity of Jinling seed industry held by natural person Jin Weibo with RMB 148.5 million in cash. After this acquisition, Jinling seed industry will become a wholly-owned subsidiary of Zhangye fengle. The acquisition aims to enrich the variety structure of the company's seed industry, fill the gap that the company has no professional silage corn seeds, expand the corn silage business and open up the space for large agricultural development.