ShangHai Yimin No.1 Foods (Group)Co.,Ltd. agreed to acquire Shanghai Foodstuffs Imp. & Exp. Corp from Shanghai Maling Aquarius Co.,Ltd (SHSE:600073) for CNY 51.5 million on January 24, 2022.

As of September 30, 2021, Shanghai Foodstuffs reported Total assets of CNY 326.7 million and Net asset of CNY 52.38 million. The transaction is approved by the board of Shanghai Maling.