Xiamen Xiangyu Co., Ltd. (SHSE:600057) agreed to acquire remaining 43.53% stake in Heilongjiang Xiangyu Agricultural Products Co., Ltd. from BOC Financial Asset Investment Co., Ltd., BOCOM Financial Asset Investment Co., Ltd, CCB Financial Asset Investment Co., Ltd. and ABC Financial Assets Investment Co., Ltd for CNY 4.2 billion on June 19, 2024. A cash consideration of CNY 4.2 billion will be paid by Xiamen Xiangyu Co., Ltd. For the period ended March 31, 2024 Heilongjiang Xiangyu Agricultural Products Co., Ltd. reported total assets of CNY 17494 million and net assets of CNY 6923 million. The transaction is subject to approval of offer by acquirer board.

The deal has been approved by the board.