Brief: China Finance Investment Says Unit Entered Into Deal With Huaian Huaiyin Agricultural Development

Congyu Intelligent Agricultural Holdings

29/11/2022 14:27

Nov 29 (Reuters) - China Finance Investment Holdings Ltd
 0875.HK :
    * UNIT ENTERED INTO STRATEGIC COOPERATION AGREEMENT WITH
HUAIAN
HUAIYIN AGRICULTURAL DEVELOPMENT
    * UNDER DEAL, RESPONSIBLE FOR SALES, PROMOTION ACTIVITIES
FOR
LOCAL AGRICULTURAL PRODUCTS BY HUAIYIN AGRICULTURAL DEVELOPMENT
    * PROCUREMENT AMOUNT DURING STRATEGIC COOPERATION AGREEMENT
EXPECTED TO BE APPROXIMATELY RMB5 BILLION
    * ENTERED INTO MOU WITH MILLION (FAR EAST)
    * GUANGDONG CYPRESS JADE ENTERED PROCUREMENT AGREEMENT WITH
GANSU
ZHONGNONG JIACHUANG AGRICULTURE
    * UNIT OF HUAIYIN AGRICULTURAL DEVELOPMENT AND GROUP HAVE
ESTABLISHED A JOINT VENTURE COMPANY
    * GROUP HOLDS 60% OF EQUITY INTEREST IN JOINT VENTURE
COMPANY
    * PURSUANT TO MOU, PARITES INTEND TO ESTABLISH JV CO TO
OPERATE
FOOD PROCESSING PLANT & EXPLORE MARKET OF GREATER BAY AREA
    * UNDER PROCUREMENT DEAL, GANSU ZHONGNONG JIACHUANG
AGRICULTURE 
WILL PURCHASE AGRICULTURAL PRODUCTS FROM GROUP
    * ANNUAL PROCUREMENT AMOUNT UNDER PROCUREMENT AGREEMENT
EXPECTED
ABOUT RMB1 BILLION

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