YKA(SZ:300999) Zhong Guo Jing Ji Wang·2026-01-16 08:43Group 1 - The core point of the article is that Golden Dragon Fish (300999.SZ) has sold its entire stake in two joint ventures with Kellogg's to Mars China for a total of $60 million, which is closely related to Mars' global business integration following its acquisition of Kellanova [1] - The transaction involves the transfer of 50% equity in Yihai Kerry Kellogg Foods (Shanghai) Co., Ltd. for $45 million and Yihai Kerry Kellogg Foods (Kunshan) Co., Ltd. for $15 million, resulting in Golden Dragon Fish no longer holding any equity in these companies [1] - The sale is expected to impact the company's net profit for 2024 by more than 10% of the net profit attributable to the parent company for the fiscal year 2026 [2] Group 2 - Golden Dragon Fish announced a delay in the completion of its IPO fundraising project, specifically the Yihai Kerry (Maoming) Grain and Oil Industrial Co., Ltd. oil processing project, which is now expected to reach operational status by June 30 of this year [2] - The project includes a 4,000 tons/day soybean crushing facility and has faced delays due to issues with infrastructure, personnel, and material supply, with a total investment of 560 million yuan, of which 463 million yuan has been invested as of September 30, 2025 [2] - This is not the first delay for the project, as a previous announcement in February 2024 indicated that delays in early-stage construction and procurement of imported equipment had pushed the expected completion date to December 31, 2025 [2]