Nanjing Zhaoxi Management Co., Ltd.-Zhaoxi Yingfeng No. 5 Private Securities Investment Fund cancelled the acquisition of 7% of stake in Fortune Ng Fung Food Co.,Ltd from Fucheng Investment Group Co., Ltd.
June 09, 2023
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Nanjing Zhaoxi Management Co., Ltd.-Zhaoxi Yingfeng No. 5 Private Securities Investment Fund agreed to acquire 7% of stake in Fortune Ng Fung Food (Hebei) Co.,Ltd (SHSE:600965) from Fucheng Investment Group Co., Ltd. for approximately CNY 460 million on December 15, 2022.
Nanjing Zhaoxi Management Co., Ltd.-Zhaoxi Yingfeng No. 5 Private Securities Investment Fund cancelled the acquisition of 7% of stake in Fortune Ng Fung Food (Hebei) Co.,Ltd (SHSE:600965) from Fucheng Investment Group Co., Ltd. recently.
Fortune Ng Fung Food Hebei Co Ltd is a China-based company principally engaged in the livestock breeding and food processing business. The Company operates four segments. The Livestock Breeding and Food Processing segment is mainly engaged in beef cattle breeding, breeding and live cattle sales, slaughtering and beef and mutton sales, as well as food research and development, processing and manufacturing, processing and sales using various food ingredients as raw materials. The Catering Services segment mainly provides chain catering services. The Funeral Services segment is mainly engaged in the development and sales of cemeteries and funeral and cemetery services. The Ecological Agriculture segment is mainly engaged in the cultivation and sales of crops.
Nanjing Zhaoxi Management Co., Ltd.-Zhaoxi Yingfeng No. 5 Private Securities Investment Fund cancelled the acquisition of 7% of stake in Fortune Ng Fung Food Co.,Ltd from Fucheng Investment Group Co., Ltd.