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Some Investors May Be Worried About Wens Foodstuff Group's (SZSE:300498) Returns On Capital
Wens Foodstuff Moves to Full Acquisition of Yuncheng Herui
A massive investment of 1.6 billion to acquire! Leading pig enterprises are entering a new market.
This year, with strong support from policies, the merger and acquisition market continues to flourish! According to Wind data, as of December 11, more than 1,300 merger and acquisition events have occurred this year, with technology-driven innovation, deep industry integration, and a focus on sustainable development concepts becoming mainstream. Recently, there has been another industry consolidation acquisition. According to Gelonghui, on December 14, Wens Foodstuff Group (300498), a GEM listed company, announced that it intends to use approximately 1.61 billion yuan in cash to acquire 91.38% of the shares of Jun Cheng He Rui Environmental Technology Group Co., Ltd. (referred to as "Jun Cheng He Rui"). After the trade is completed, Jun Cheng He Rui will become...
Express News | Wens Foodstuff Says It Plans to Buy 91.4% Stake in Jchr Envirogroup at 1.6 Bln Yuan
Wens Foodstuff Group (300498.SZ): plans to acquire 91.38% equity of Jun Cheng He Rui for 1.61 billion yuan.
On December 13, Gelonghui reported that Wens Foodstuff Group (300498.SZ) announced a plan to use 1.61 billion yuan in Cash to acquire 91.38% equity of Jun Cheng He Rui. The funding sources will be the raised funds from the issuance of convertible CSI Enterprise bonds to unspecified objects and the company's own funds, with plans to use 1.6 billion yuan from the raised funds, and any shortfall will be covered by own funds. After the completion of this Trade, Jun Cheng He Rui will become a wholly-owned subsidiary of the company.
Pork company sales "sprint": More than 70% of the sales target completion rate exceeds 90%. December may continue to increase volume | Industry news.
① As of the end of November, over 70% of listed pork enterprises have exceeded 90% of their target for livestock output; ② Currently, smallholders and group pig farms are accelerating their output, leading to increased market supply of Pork, with limited strength in Animal Slaughter consumption, resulting in pork prices falling below 8 yuan; ③ The output of live pigs is expected to continue increasing in December.
Investors Aren't Entirely Convinced By Wens Foodstuff Group Co., Ltd.'s (SZSE:300498) Revenues
