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Jinjian Cereals Industry (600127.SH): Termination of entrusted management of Shareholder and related party's partial equity Assets.
On December 31, Gelonghui reported that Jinjian Cereals Industry (600127.SH) announced that, since Yuxiang Foods has become a wholly-owned subsidiary of the company, an agreement was reached between the company and Hunan Grain Group to sign the "Equity Custody Termination Agreement" on December 31, 2024, agreeing to terminate the equity custody relationship with Yuxiang Foods. As of the signing date of the agreement, all rights and obligations related to 100% of Yuxiang Foods' equity under the original custody agreement between both parties will be terminated, and Hunan Grain Group's settlement of the custody fees for this portion of the equity will end on December 27, 2024. Through mutual agreement, the company and Jinxia Grain agreed to... (the text is incomplete).
Jinjian Cereals Industry (600127.SH): The company and Changsha Vegetable Oil Company plan to introduce related parties as global strategy investors.
On December 30, Gelonghui reported that Jinjian Cereals Industry (600127.SH) announced that in accordance with the operational development needs of its wholly-owned subsidiary Jinjian Vegetable Oil (Changsha) Co., Ltd. (referred to as "Changsha Vegetable Oil Company"), to timely introduce strategic investors, optimize the equity structure, and expand the Business Sector channel resources, the company and Changsha Vegetable Oil Company plan to introduce the wholly-owned subsidiary of Hunan Agricultural Development Investment Group Co., Ltd. (referred to as "Hunan Agricultural Group"), Hunan Nongfa Investment Private Fund Management Co., Ltd. (referred to as "Nongfa Investment Fund") or funds managed by them as strategic investors.
The Five-year Decline in Earnings for Jinjian Cereals IndustryLtd SHSE:600127) Isn't Encouraging, but Shareholders Are Still up 72% Over That Period
Jinjian Cereals Ends Equity Custody Relationship With Yinguang Grain and Oil
Jinjian Cereals Industry (600127.SH): Termination of the equity custody relationship between the company and Silver Gu Light Grain and Oil.
Glory Enterprise reported on December 20 that Jinjian Cereals Industry (600127.SH) announced that it has received a notice from Hunan Provincial Reserve Grain Management Co., Ltd. (referred to as "Hunan Provincial Reserve Grain"). According to the "Guiding Opinions on Separating the Policy Functions and Operational Functions of Hunan Provincial Local Reserve Grain Management" and relevant documents of Hunan Grain Group Co., Ltd. (referred to as "Grain Group"), Hunan Silverlight Grain and Oil Co., Ltd. (referred to as "Silverlight Grain and Oil") has ceased its rice processing business, and will not continue to engage in the aforementioned business in the future, meaning there is no longer any industry competition between Silverlight Grain and Oil and the company. Accordingly, the company and Hunan Provincial Reserve Grain have reached an agreement.
Jinjian Cereals Industry Chair Resigns
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