New Hope: Plans to acquire 100% equity of Muhe Feed and Huzhou Haihuang Biotechnology!

    Gelonghui December 7丨New Hope (000876.SZ) announced that the twenty-sixth meeting of the eighth board of directors of the company had passed the “Proposal on the Acquisition of 100% Equity in Puyang Muhe Feed Co., Ltd.”;

    According to the company's pig industry development and feed supporting needs, the company plans to acquire 100% equity of Puyang Muhe Feed Co., Ltd. ("Muhe Feed") for a purchase price of 22.8 million yuan. Muhe Feed legally owns the following assets:

    1. Located in Nanle County Industrial Park, Puyang City, Henan Province, a feed production plant covering an area of about 32 acres, including two feed production lines with a total annual production capacity of 220,000 tons, the civil works, steel structures, equipment, roads in the plant, etc. Construction projects and fixed assets, current assets, etc.

    2. Compliance procedures such as the property rights certificate of the relevant assets of Muhe feed, and the approval and acceptance of the environmental assessment of the feed factory.

    Deliberated and passed the "Proposal on the Acquisition of 100% Equity in Huzhou Haihuang Biotechnology Co., Ltd."; in accordance with the company's special aquatic feed industry development strategy needs, in order to enhance the company's R&D, sales and lean production capabilities in the field of special aquatic feeds, fill the East China The regional special water market is blank. The company plans to acquire 100% of the shares of Huzhou Haihuang Biotechnology Co., Ltd., a leading enterprise of special aquatic feed  in East China. The two parties intend to sign the "Equity Transfer Framework Agreement" and the "Equity Transfer Agreement" with effective conditions.

    The effective agreement this time is a framework agreement. The specific cooperation content and progress will be further implemented and promoted in accordance with the approval requirements of the relevant competent authority. Affected by market environment changes, industry environment changes or force majeure, there will be certain follow-up implementations of the agreement. Uncertainty, investors are kindly requested to pay attention to investment risks.