Hemei Agriculture (833515) announced its plan to establish a wholly-owned subsidiary in Chongzuo City, Guangxi Province, with an investment of 10 million yuan. This move aligns with the company’s future development strategy to optimize resource allocation and enhance competitiveness. The new subsidiary will focus on the production, sales, processing, transportation, and storage of agricultural products, along with other services like food sales, supply chain management, and warehousing.
Main Business Activities:
The subsidiary will engage in:
- Production, sales, and processing of agricultural products
- Wholesale and retail of edible agricultural products
- Information consulting services
- Sales of agricultural machinery and daily necessities
- Import and export of goods
- Supply chain management
- Urban distribution and road freight transportation
Investment Purpose:
The investment aims to expand Hemei Agriculture’s supply chain layout, enhance centralized procurement and management, and improve overall profitability and competitiveness. This strategic move will further strengthen long-term regional partnerships and explore new market opportunities.
Risk and Impact Assessment:
The company states that this investment carries minimal risk, given its alignment with Hemei Agriculture’s strategic goals. Enhanced internal controls, clear business strategies, and a strong management team will be established to safeguard shareholder interests. The investment is expected to positively impact the company’s consolidated financial statements and future financial condition.
Hemei Agriculture specializes in providing “one-stop cold chain logistics and distribution services for fresh agricultural and sideline products,” serving clients including educational institutions, military organizations, and public institutions.
Post time: Sep-18-2024