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A subsidiary of Borne Group (001366.SZ) plans to acquire 100% of the shares of three feed companies for 1125 million yuan
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According to Zhitong Finance App, Boen Group (001366.SZ) announced that Guangdong Boen Investment Co., Ltd., a wholly-owned subsidiary of the company, plans to acquire 100% of the shares of Seagate (Shenyang) Feed Co., Ltd., Xijie (Tianjin) Feed Co., Ltd. and Xijie (Liaocheng) Feed Co., Ltd. held by CJ Global Holdings Limited (CJ Global Holdings Limited) in cash, with a total share transfer amount of RMB 1125 million. After the transaction is completed, the company will indirectly hold 100% of the shares of each of the three target companies through Guangdong Boen Investment Co., Ltd., and the target companies will be included in the scope of the company's consolidated statements.

Through this transaction, the company will further enrich its product matrix, add animal husbandry product types such as cows and sheep, enhance the company's overall resilience to risks, and provide core customers with richer and more diverse product types. At the same time, through the customer resources and market expansion and service experience accumulated by the target company, the company will expand its pig feed business to core regions such as Northeast China and improve its business layout.

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