Shengnong Development: Intends to adquisición 54% of the equity of Anhui Taiyanggu Food

Gate.io data on December 19, Shengnong Development announced that the company plans to acquire a total of 54.00% equity of Anhui Taiyanggu Food Technology (Group) Co., Ltd. held by Dehong Yuxi Tianjin Equity Investment Partnership Enterprise (Limited Partnership), Ancient Steel (HK) Limited, and Liao Junjie with its own funds or legally self-raised funds, including 31.73% of the equity held by Dehong Yuxi, 19.27% of the equity held by Ancient Steel, and 3.00% of the equity held by Liao Junjie. After the completion of this transaction, the company will hold 100% equity of the subject company, and the subject company will be included in the company's consolidated financial statements.

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