FOSHAN HAITIAN FLAVO

603288
End-of-day quote. End-of-day quote  - 01/20
105.15CNY +1.13%

Foshan Haitian Flavouring and Food Company Ltd. cancelled the acquisition of 43.1% stake in Hefei Yanzhuang Edible Oils Co., Ltd from Liu Yan.

12/31/2020 | 12:00am
Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288) entered into an agreement to acquire 43.1% stake in Hefei Yanzhuang Edible Oils Co., Ltd from Liu Yan for CNY 63.1 million on December 31, 2019.Foshan Haitian will hold 67% stake post the completion of the transaction and Liu Yan will hold 33% stake. Foshan Haitian also carried out a capital increase worth CNY 106.1 million in Hefei Yanzhuang. The transaction does not require approval of shareholders of Foshan Haitian and s been approved by the Board of Foshan Haitian in the second meeting on December 31, 2019. Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288) cancelled the acquisition of 43.1% stake in Hefei Yanzhuang Edible Oils Co., Ltd from Liu Yan on December 31, 2020.
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