Brief: China Xiangtai Food Enters Into MoU To Acquire Controlling Interest In Chongqing Ji Mao Cang Feed

Sangrix

26/03/2020 12:40

March 26 (Reuters) - China Xiangtai Food Co Ltd  PLIN.O :
    * CHINA XIANGTAI FOOD CO., LTD. ENTERS INTO MOU TO ACQUIRE
CONTROLLING INTEREST IN CHONGQING JI MAO CANG FEED CO., LTD.
    * CHINA XIANGTAI FOOD CO -  THROUGH UNIT, ENTERED
NON-BINDING MOU
TO ACQUIRE 51% CONTROLLING INTEREST IN CHONGQING JI MAO CANG
FEED CO
    * CHINA XIANGTAI FOOD CO - GIVEN REVENUE OF FISCAL YEAR 2019
WAS
$102.5 MILLION, CO EXPECTED TO INCREASE 70% OF REVENUE THROUGH
ACQUISITION

Source text for Eikon:  ID:nPn6n6T9Ya 
Further company coverage:  PLIN.O 

 ((Reuters.Briefs@thomsonreuters.com;))