Core Viewpoint - Xinda Holdings (08471) plans to acquire a 24% stake in Hengda Yongjin Agricultural High-Tech Co., Ltd. for RMB 11.6 million, aiming to diversify its business and enhance its core textile operations, particularly in functional clothing production [1] Group 1: Acquisition Details - The acquisition involves Xinda's indirect wholly-owned subsidiary, Shenzhen Xinda Functional Textile Co., Ltd., purchasing the stake from Tianjin Zhonghe Seed Industry Co., Ltd. [1] - Post-acquisition, Xinda will hold 24% of the target company, while the remaining 76% will continue to be held by the seller [1] Group 2: Business Operations - The target company is engaged in the trade of agricultural seeds (limited to pre-packaged seeds for non-resale), cultivation of food crops, and production of non-staple crop seeds [1] - The board believes the target company possesses a functional clothing production facility [1] Group 3: Strategic Implications - The acquisition is expected to create key strategic synergies, enhancing the competitiveness, sustainability, and resilience of Xinda's core textile business, especially in the R&D and production of functional clothing [1] - This move is aligned with the company's goals for sustainable and long-term growth, balancing operational cash flow needs while gaining partial control over the target company's production facilities [1]
新达控股拟1160万元收购衡达涌金农业高科技有限公司24%股权