C.P. Pokphand Co. Ltd. (SEHK:43) completed the acquisition of C.P. Aquaculture Co., Ltd. from Charoen Pokphand Foods Public Company Limited.
C.P. Aquaculture (Beihai) Co., Ltd. reported net asset value of CNY 13.7 million and loss after tax of CNY 2.4 million as of December 31, 2018. The deal is condition upon: (i) Charoen Pokphand Foods Public Company Limited and C.P. Aquaculture (Beihai) obtaining all necessary consents from third parties as required under the transaction and (ii) Charoen Pokphand Foods Public Company Limited and C.P. Aquaculture (Beihai) obtaining all necessary approvals from and registrations or filings with the government authorities. Closing will take place on the day on which C.P. Aquaculture (Beihai) Co., Ltd. completes the State Administration for Market Regulation registration for C.P. Pokphand Co. Ltd. to become its shareholder.
C.P. Pokphand Co. Ltd. (SEHK:43) completed the acquisition of C.P. Aquaculture (Beihai) Co., Ltd. from Charoen Pokphand Foods Public Company Limited (SET:CPF) during 2019.