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YST Dairy (01431.HK) plans to sell all shares of Shaanxi Ruixiang Chengda Dairy for 50.2 million yuan.
On June 12, Gorun Hui announced that YST Dairy (01431.HK) signed an equity transfer agreement with the buyer's fully owned subsidiary on June 12, 2024. The seller has agreed to sell the equity, and the buyer has agreed to acquire all the equity in Shaanxi Ruixiang Chengda Dairy Co., Ltd. The cash consideration is RMB 50.2 million. The target company is mainly engaged in goat farming and the sale of raw goat milk. The Board of Directors is not optimistic about the future development of the goat milk industry and expects the industry to not recover in the near future. After considering the operation and financial information of Shaanxi Ruixiang Chengda Ranch.
Express News | YuanShengTai Dairy Farm Sees Gain From Disposal of RMB9.8 Mln
Express News | YuanShengTai Dairy Farm - Disposal of Stake for RMB50.2 Mln
Express News | YuanShengTai Dairy Farm Ltd - Disposal of Entire Equity Interest in Shaanxi Ruixiang Chengda Dairy Farming
YST DAIRY: SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
YST DAIRY: ANNUAL REPORT 2023
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