Chen Ke Ming Food Manufacturing Co., Ltd. (SZSE:002661) agreed to acquire 35.18% in Aksu Xingjiang Muge Food Company Limited from Hunan Kemen Foods Group Co., Ltd., Mr. Chen Keming, Mr. Chen Kezhong and Ms. Chen Hui for CNY 356.52 million on December 21, 2022. Currently, Kemen Group owns 20.93% stake, Chen Kezhong owns 7.15% stake; Chen Keming owns 6.37% stake; Chen Hui owns 0.73% stake in Aksu Xingjiang Muge Food Company Limited. The transaction was approved by the 6th session of the Chen Ke Ming Food Manufacturing Co., Ltd. 6th directorate.

This transaction still needs to be approved by the company’s shareholders’ meeting. For the year ended, September 30, 2022, Aksu Xingjiang Muge Food Company Limited. total asset is CNY 1,825.68 million and total owners equity is CNY 1158.60 million.

As on January 6, 2023, Chen Ke Ming Food Manufacturing held the 1st Extraordinary Shareholders Meeting of 2023, and approved the acquisition and capital increase.