Fu Jian Anjoy Foods Co., Ltd. signed a share transfer agreement to acquire 19% stake in Honghu Xinhongye Food Co., Ltd. from Xiao Huabing and Lu Dejun for CNY 79.8 million.
January 10, 2018
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Fu Jian Anjoy Foods Co., Ltd. (SHSE:603345) signed a share transfer agreement to acquire 19% stake in Honghu Xinhongye Food Co., Ltd. from Xiao Huabing and Lu Dejun for CNY 79.8 million on January 9, 2018. Under the terms of the transaction, Fu Jian Anjoy Foods Co., Ltd. will acquire 9.5% stake in Honghu Xinhongye Food Co., Ltd. from Xiao Huabing for CNY 39.9 million and 9.5% stake in Honghu Xinhongye Food Co., Ltd. from Lu Dejun for CNY 39.9 million. Honghu Xinhongye Food Co., Ltd. had total assets of CNY 132.1 million and net assets of CNY 80 million in 2017. The transaction does not need approval from Fu Jian Anjoy Foods Co., Ltd.'s Board of Directors and shareholders.
Anjoy Foods Group Co Ltd, formerly Fujian Anjoy Foods Group Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of quick-frozen food. The Company's products include quick-frozen surimi products, quick-frozen meat products, quick-frozen noodles and rice products, quick-frozen dish products and others, such as Q fish plate, fish tofu, fried fish balls, pee meatballs, Xiami dumplings, kiss intestines, hand-held cakes, milk steamed bread, thousand night tofu, egg dumplings and shrimp slip. The Company operates mainly in the domestic market.
Fu Jian Anjoy Foods Co., Ltd. signed a share transfer agreement to acquire 19% stake in Honghu Xinhongye Food Co., Ltd. from Xiao Huabing and Lu Dejun for CNY 79.8 million.
ANJOY FOODS GROUP CO., LTD. 
