Xinjiang Sayram Modern Agriculture Co., Ltd cancelled the acquisition of 25% stake in Xinjiang Shuanghe Water Control Agricultural Development Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development Co., Ltd.
November 07, 2020
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Xinjiang Sayram Modern Agriculture Co., Ltd (SHSE:600540) agreed to acquire 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. for approximately CNY 140 million on November 7, 2019. Xinjiang Sayram Modern Agriculture Co., Ltd is to carry out exchange of its creditor?s rights of approximately CNY 110 million in Xinjiang Wusu Xinsai Oil Co., Ltd. with Xinjiang Shuangbo Huijin Investment Co., Ltd.?s 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd.
Xinjiang Sayram Modern Agriculture Co., Ltd (SHSE:600540) cancelled the acquisition of 25% stake in Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development (Group) Co., Ltd. on November 7, 2020.
XINJIANG SAYRAM MODERNAGRICULTURE CO.,LTD is a China-based company principally engaged in planting of cotton, processing of seed cotton and oil products, as well as production of cotton textile products. The Companyâs main products include ginned cotton, edible oil, cotton yarn, glass, limestone and other agricultural and byproducts. The Company mainly conducts its businesses within domestic markets, within Sinkiang province as its main market.
Xinjiang Sayram Modern Agriculture Co., Ltd cancelled the acquisition of 25% stake in Xinjiang Shuanghe Water Control Agricultural Development Co., Ltd. from Xinjiang Shuanghe Water Control Agricultural Development Co., Ltd.