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Delayed 05:00:01 09/05/2024 BST			5-day change	1st Jan Change
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06:44am	Zhengbang Technology's Pig Sales Revenue Drops 50% in April	MT
06:18am	Henan Pinggao Electric Wins Chinese State Grid's Equipment Procurement Bid; Shares Up 5%	MT

China's Dabeinong scraps stake buy in animal feed peer Aonong's controlling shareholder

December 26, 2023 at 07:40 am

BEIJING, Dec 26 (Reuters) - China's Fujian Aonong Biological Technology said on Tuesday Dabeinong has scrapped plans to buy no less than a 51% stake in its controlling shareholder Xiamen Aonong investment.

The move was due to "major changes" in the company such as equity freeze, Aonong said in a filing to Shanghai Stock Exchange.

Separately, Dabeinong will also scrap investment in Aonong Biological assets worth up to 600 million yuan ($83.97 million), according to the filing. ($1 = 7.1455 Chinese yuan renminbi) (Reporting by Ella Cao, Ethan Wang and Ryan Woo; Editing by Muralikumar Anantharaman)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
SHANGHAI A INDEX	3,280 PTS	-0.61%	+0.77%	-
TOPIX INDEX	2,726 PTS	+0.71%	-0.16%	-
SHANGHAI STOCK EXCHANGE B SHARES INDEX	253.9 PTS	-0.55%	-1.03%	-
US DOLLAR / CHINESE OFFSHORE YUAN	7.227 CNH	-0.01%	-0.09%	-
BEIJING DABEINONG TECHNOLOGY GROUP CO.,LTD.	4.76 CNY	+0.42%	+1.49%	2.71B
FUJIAN AONONG BIOLOGICAL TECHNOLOGY GROUP INCORPORATION LIMITED	3.45 CNY	+4.86%	-5.22%	415M

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