According to a November 21 announcement on Wabei.com, Hemei Agriculture (833515) recently released a notice regarding its decision to establish a wholly-owned subsidiary in Chongzuo City, Guangxi Province, with an investment of 10 million yuan. This decision is based on the company’s overall future development strategy, aiming to implement its strategic plan, optimize resource allocation, and enhance the company’s comprehensive competitiveness and sustainable development capabilities. The subsidiary aims to strengthen long-term, stable regional partnerships with customer groups, and deeply explore market space and value potential.
Main Business: The subsidiary’s main business activities will include the production, sales, processing, transportation, and storage of agricultural products, as well as other related services; food sales (only pre-packaged food); wholesale and retail of edible agricultural products; acquisition of primary agricultural products; information consulting services (excluding licensed information consulting services); sales of agricultural, forestry, animal husbandry, sideline, and fishery products; sales of agricultural machinery; retail of hardware products, daily necessities, stationery, kitchenware, sanitary ware, and daily sundries; import and export of goods; catering management; supply chain management services; general goods warehousing services (excluding hazardous chemicals and other projects requiring special approval); licensed projects include food sales, urban distribution and transportation services, and road freight transportation.
Purpose of the Investment: The primary purpose of this investment is to further expand the company’s supply chain industry layout, optimize its strategic deployment, enhance its centralized procurement and management capabilities, increase profitability, and comprehensively improve the company’s overall competitiveness without altering its core business.
Risks Associated with the Investment: The investment decision is based on the company’s strategic goals and long-term interests and does not involve significant market, operational, or management risks. The company will improve its internal control systems, clarify its business strategies and risk controls, and establish a strong management team to ensure that there is no harm to the interests of the company or its shareholders.
Impact on Business and Finances: This investment will result in changes to the company’s consolidated financial statements and is expected to have a positive impact on the company’s future financial condition.
According to Wabei.com, Hemei Agriculture is a unique food distribution company focused on providing “one-stop cold chain logistics and distribution services for a full range of fresh agricultural and sideline products.” Its clients include, but are not limited to, educational institutions, military organizations, and public institutions.
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Post time: Aug-27-2024