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36 Krypton learned that Guirenniao announced that its wholly-owned subsidiary Jinhe Mi Chenglai Agriculture (Shanghai) Co., Ltd. plans to purchase Heilongjiang Hemeitaifu Agricultural Development Co., Ltd. (referred to as “Hemeitaifu”) for 373 million yuan. Assets, land use rights, construction in progress, and the wholly-owned subsidiary Jinhe Agriculture intends to acquire all intellectual property rights held by Mattel for zero yuan. After the transaction is completed, the company will add rice processing and sales, and grain storage business, and promote the company’s grain business sector to realize the vertical and in-depth expansion of the industrial chain, expanding from the original single grain trade to a comprehensive industrial chain of “grain production + storage + trade” .
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