An undisclosed buyer agreed to acquire Hunan Zhenghong Haiyuan Green Food Co Ltd. from Hunan Zhenghong Science and Technology Develop Co.,Ltd. (SZSE:000702) on May 30, 2024.

As of November 30, 2023, Hunan Zhenghong Haiyuan Green Food Co Ltd. reported total assets of CNY 40.85 million and total common equity of CNY 31.28 million.

The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board.