董事会的意见是，收购事项可提供多方面的战略优势，将与集团的智能厨电业务产生协同效应，同时让目标公司加大现有固始鹅养殖规模、加强家禽屠宰和加工的生产线。此外，预期收购事项可令目标公司透过利用集团在中国市场的知名品牌提升销量。公司将继续探讨不同机遇，打进食品行业不同领域，务求为集团赚取最高的利润。China Minan (08283.HK) announced on September 19 that on September 19, 2024, the buyer Beijing Zhengli Changsheng Technology Co., Ltd. (an indirectly wholly-owned subsidiary of the company) and the sellers (Liu Yang, Liu Qinghao) entered into a purchase agreement. On this basis, the buyer has conditions to agree to the acquisition and the seller has conditions to agree to the sale of the equity (100% registered capital of the target company Henan Kaiyuan Food Co., Ltd.), with a total price of 20 million yuan, to be paid in cash and through the issuance and distribution of 383,398,645 shares of consideration shares (to be recorded as fully paid).
383,398,645 shares of consideration shares are equivalent to approximately 19.17% of the company's current issued share capital as of the date of this announcement, and approximately 16.09% of the company's enlarged issued share capital after the completion of the issuance and distribution of consideration shares (assuming that the total number of issued shares will not change between the date of this announcement and the completion date (excluding the issuance and distribution of consideration shares)).
After completion, the target company will become an indirectly wholly-owned subsidiary of the company, and the financial performance of the target company will be consolidated into the group's accounts.
The board of directors believes that the acquisition can provide multiple strategic advantages, generate synergies with the group's smart kitchen appliances business, and allow the target company to expand its existing Gushi goose farming scale, strengthen the production line for poultry slaughter and processing. In addition, it is expected that the acquisition will enable the target company to increase its sales volume by leveraging the group's well-known brand in the Chinese market. The company will continue to explore different opportunities and enter different areas of the food industry in order to maximize profits for the group.
