Gelonghui on November 8th: jinjian cereals industry (600127.SH) announced that the company plans to implement an asset swap with its controlling shareholder hunan grain group co., ltd. (referred to as "hunan grain group"), specifically including: (1) Listed company's asset disposal: Hunan Grain Group intends to purchase 100% equity of jinjian import and export co., ltd. (referred to as "jinjian import and export company"), 100% equity of jinjian agricultural products (hunan) co., ltd. (referred to as "jinjian agricultural products hunan company"), and 100% equity of jinjian agricultural products (yingkou) co., ltd. (referred to as "jinjian agricultural products yingkou company") held by the listed company. (2) Assets injected into the listed company: Hunan Grain Group intends to sell 100% equity of its wholly-owned subsidiary Hunan Yuxiang Food Co., Ltd. (referred to as "Yuxiang Food") and 82% equity of its holding subsidiary Zhongnan Grain Oil Food Science Research Institute Co., Ltd. (referred to as "Zhongnan Grain Science Institute") to the company (the company holds 18% equity of the target).
Based on the evaluation results and negotiations between the two parties, the agreed transaction price for the assets to be disposed of in this transaction is 114.2223 million yuan, and the agreed transaction price for the assets to be injected in this transaction is 191.2105 million yuan. Upon agreement by the company and Hunan Grain Group, the full amount payable for the injected assets obtained by jinjian cereals industry and the median part of the payable amount for the assets disposed of by Hunan Grain Group to jinjian cereals industry will be offset, with a price difference of 76.9882 million yuan for the injected assets and disposed assets. jinjian cereals industry will pay in cash in two installments, with the first installment being 50% of the price difference to be paid within 10 working days from the effective date of the Asset Exchange Agreement; the second installment to be paid within 10 working days from the completion of the asset delivery in this transaction.
