Yuan Longping High-tech Agriculture Co.,Ltd. cancelled the acquisition of 80% stake in Tianjin Derit Seeds Co., Ltd. from Ma Dehua, Zhang Qingdong, Pang Jinan, Zhang Wenzhu, Li Huaizhi and Leijin.
January 16, 2016 at 11:00 pm
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Yuan Longping High-tech Agriculture Co.,Ltd. (SZSE:000998) signed a framework agreement to acquire 80% stake in Tianjin Derit Seeds Co., Ltd. from Ma Dehua, Zhang Qingdong, Pang Jinan, Zhang Wenzhu, Li Huaizhi and Leijin for approximately CNY 320 million on January 17, 2015. The agreement has been approved by Board of Yuan Longping High-tech Agriculture.
Yuan Longping High-tech Agriculture Co.,Ltd. (SZSE:000998) cancelled the acquisition of 80% stake in Tianjin Derit Seeds Co., Ltd. from Ma Dehua, Zhang Qingdong, Pang Jinan, Zhang Wenzhu, Li Huaizhi and Leijin on January 17, 2016.
Yuan Long Ping High-Tech Agriculture Co Ltd is a China-based company principally engaged in the production, processing, packaging, cultivation, breeding, branding and distribution of seeds and seedlings of high-tech crops. The Company's main products include hybrid rice seeds, hybrid corn seeds, hybrid pepper seeds, fruit and vegetable seeds, rapeseeds and cotton seeds, among others. The Company is also involved in land consolidation and repair business. The Company distributes its products in domestic market and to overseas markets, with North China and Central China as its main markets.
Yuan Longping High-tech Agriculture Co.,Ltd. cancelled the acquisition of 80% stake in Tianjin Derit Seeds Co., Ltd. from Ma Dehua, Zhang Qingdong, Pang Jinan, Zhang Wenzhu, Li Huaizhi and Leijin.
YUAN LONG PING HIGH-TECH AGRICULTURE CO., LTD. 
