Summary by Moomoo AI
Cofco Joycome announced on October 21, 2024, that it has signed an acquisition agreement with COFCO Industrial Investment, agreeing to acquire 100% equity of COFCO HuaJia. COFCO HuaJia's main business is investment holding, fully controlling COFCO Fodder, which provides comprehensive animal nutrition solutions. On the same day, Cofco Joycome also entered into new continuing related party transaction agreements with COFCO and COFCO Financial, including mutual supply agreements, financial service agreements, property leasing and property management agreements, as well as administrative service agreements, with a term of three years. In addition, the company established an independent directors' committee, and appointed New Bally as an independent financial advisor to provide recommendations to independent shareholders on the above transactions. The company expects to mail relevant documents to shareholders by November 25, 2024, and convene a special general meeting of shareholders to approve relevant resolutions before that date.