Jiangsu Huifeng Bio Agriculture Co., Ltd. signed an Equity Transfer Agreement to acquire additional 81.4107% stake in Nongyi E-commerce Co., Ltd. from Yancheng Nongyi Investment Management Partnership Enterprise (Limited Partnership) for approximately CNY 130 million.
August 25, 2021
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Jiangsu Huifeng Bio Agriculture Co., Ltd. (SZSE:002496) signed an Equity Transfer Agreement to acquire additional 81.4107% stake in Nongyi E-commerce (Beijing) Co., Ltd. from Yancheng Nongyi Investment Management Partnership Enterprise (Limited Partnership) for approximately CNY 130 million on August 25, 2021. Post completion, Jiangsu Huifeng Bio Agriculture Co., Ltd. will hold 99.4% stake and Yancheng Nongyi Investment Management Partnership Enterprise (Limited Partnership) will hold no stake in Nongyi E-commerce (Beijing) Co., Ltd. As on June 30, 2021, Nongyi E-commerce (Beijing) Co., Ltd. Reported total assets of CNY 69.7 million, net assets of CNY -71.8 million, Revenue of CNY 91.3 million and net profit of CNY 8 million. Transaction is approved by the Board of Jiangsu Huifeng Bio Agriculture Co., Ltd.
JIANGSU HUIFENG BIO AGRICULTURE CO., LTD., formerly JIANGSU HUIFENG AGROCHEMICAL CO., LTD., is a China-based company principally engaged in the research, development, manufacture and distribution of agricultural pesticides and formulations. The Companyâs main products include fungicides, pesticides, herbicides, crop regulators, fine chemicals and chemical intermediates, among others. The Company is also involved in the warehousing, transportation and trading of oil and bulk chemicals, as well as the sale of grain seeds. The Company distributes its products in domestic market and to overseas markets.
Jiangsu Huifeng Bio Agriculture Co., Ltd. signed an Equity Transfer Agreement to acquire additional 81.4107% stake in Nongyi E-commerce Co., Ltd. from Yancheng Nongyi Investment Management Partnership Enterprise (Limited Partnership) for approximately CNY 130 million.
JIANGSU HUIFENG BIO AGRICULTURE CO., LTD. 
