yihai kerry arawana holdings (300999.SZ) announcement, the company and Grand Silver (Laiyan...
Zhitong Finance APP news, yihai kerry arawana holdings (300999.SZ) announced that the company and Grand Silver (Laiyang) Co. Limited (referred to as "Hong Kong Jiayin") intend to increase the capital of Shandong Lu Hua Group Co., Ltd. (referred to as "Lu Hua Group" or "the target company") by valuing the equity held at 2.29 billion yuan and 3.279 billion yuan respectively.
The company holds 33% equity of Xiangyang Lu Hua Fragrant Peanut Oil Co., Ltd. (referred to as "Xiangyang Fragrant"), 33% equity of Changshu Lu Hua Edible Oil Co., Ltd. (referred to as "Changshu Lu Hua"), 49% equity of Zhoukou Lu Hua Fragrant Peanut Oil Co., Ltd. (referred to as "Zhoukou Fragrant"), and 50% equity of Laiyang Lu Hua Fengyi Plastic Co., Ltd. (referred to as "Lu Hua Plastic"), collectively referred to as "participating companies"; Hong Kong Jiayin holds 49% equity of Laiyang Lu Hua Fragrant Peanut Oil Co., Ltd. (referred to as "Laiyang Fragrant") and 49% equity of Shandong Lu Hua Fragrant Peanut Oil Co., Ltd. (referred to as "Shandong Fragrant"). After the completion of this transaction, the company holds 10.9536% equity of Lu Hua Group, and Hong Kong Jiayin holds 15.6864% equity of Lu Hua Group. This transaction is a decision made by the company based on the current business situation and existing conditions to further integrate resources.
