Shuanghui Development 7.300 million shares acquired the shares of 6 companies held by Rotex

Shuanghui Development 7.300 million shares acquired the shares of 6 companies held by Rotex
On the evening of May 7, Henan Shuanghui Investment Development Co., Ltd. (“Shuanghui Development” for short) issued an announcement saying that in order to achieve professional management and centralized management of investment equity, it is planned to reach approximately 7.The US $ 300 million controlling shareholder Rottex Co., Ltd. (“Rotex”) acquired 6 companies.According to the data, the six companies that Shuanghui Development plans to acquire are Shanghai Shuanghui Dachang Co., Ltd. (“Shanghai Shuanghui”), Luohe Shuanghui Yike Biological Environmental Protection Co., Ltd.”), DuPont Shuanghui Luohe Food Co., Ltd. (” DuPont Foods “), Wuhu Shuanghui Import and Export Trading Co., Ltd. (” Wuhu Import and Export “) and Smithfield (Shanghai) Food Co., Ltd. (” Shanghai Shimi “””).According to the evaluation report, the evaluation values of the above 6 companies are 7 respectively.8.6 billion, 2262.50,000 yuan, 4813.220,000 yuan, 1.1.9 billion, 8.7.3 billion yuan, 1.02 billion.After negotiation between the two parties, Shuanghui Development intends to use 1.9.7 billion acquisition of Shanghai Shuanghui 26.04% equity to 1108.630,000 yuan to acquire 49% equity of Aike, 1802.Acquired 40% equity of DuPont protein for RMB 9438 for 5438.830,000 yuan to acquire 48% equity of DuPont Food to 4.2.8 billion yuan to acquire 49% equity of Wuhu Import and Export to 2207.Acquired 25% equity of Shanghai Smith for 270,000 yuan, totaling about 7.300 million yuan.This transaction, Rotex, is the controlling shareholder of Shuanghui Development and holds 73 of them.41% equity.Shuanghui Development stated that the transaction with Rotex is to achieve professional management and centralized management of investment equity.After the acquisition is completed, Shanghai Shuanghui, Yike Company, Wuhu Import and Export, Shanghai Smith will become a wholly-owned subsidiary of Shuanghui Development, DuPont Protein, and DuPont Foods will become Shuanghui Development’s joint stock companies.Sauna, Ye Wang Wang Siyang editor Li Yan proofreading Li Shihui