Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01432 CHINA SHENGMU
RTNominal up0.550 +0.010 (+1.852%)
Others

04/10/2021 09:16

China Shengmu (01432) to build JV for feed processing base

[ET Net News Agency, 4 October 2021] China Shengmu Organic Milk Limited (01432) said
Inner Mongolia Shengmu, an indirect wholly-owned subsidiary of the company, has entered
into the investment agreement with Modern Farming, Mudanjiang Wanding Dairy and Mudanjiang
Inland Port, in relation to the proposed formation of the joint venture in connection with
the construction of a feed processing base in the Mudanjiang Economic and Technology
Development Zone Bonded Logistics Park of the PRC.
The registered capital shall be RMB100 million. The amount of capital contribution to be
paid by each of Modern Farming, Mudanjiang Wanding Dairy, Mudanjiang Inland Port and Inner
Mongolia Shengmu shall be RMB51 million, RMB22 million, RMB20 million and RMB7 million,
respectively. Accordingly, each of Modern Farming, Mudanjiang Wanding Dairy, Mudanjiang
Inland Port and Inner Mongolia Shengmu will hold 51%, 22%, 20% and 7% of the equity
interest in the joint venture, respectively. (RC)

Remark: Real time quote last updated: 09/12/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.