Dabeinong sought after a stake in Fujian Aonong Organic
26 December 2023
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China’s Fujian Aonong Organic Era mentioned on Tuesday Dabeinong has scrapped plans to shop for a minimum of a 51% stake in its controlling shareholder Xiamen Aonong funding., reported Reuters.
The transfer was once because of “main adjustments” within the corporate akin to fairness freeze, Aonong mentioned in a submitting to Shanghai Inventory Trade.
One after the other, Dabeinong can even scrap funding in Aonong Organic property value as much as 600 million yuan ($83.97 million), in keeping with the submitting.
($1 = 7.1455 Chinese language yuan renminbi)