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Mar 14, 2022 05:19 PM (GMT+8) · EqualOcean
Fengle Seed Industry announced that it invested 27 million yuan in cash to increase the capital of Tianyu Xinghe and obtained 4.5 million shares; At the same time, 1.5 million shares of the original shareholders were transferred in cash of 9 million yuan. After the completion of the above investment, Fengle Seed Industry holds a total of 6 million shares of Tianyu Xinghe, accounting for 35.58% of its equity. After the completion of this transaction, Tianyu Xinghe will become a holding subsidiary within the scope of the consolidated statements of Fengle Seed Industry.