After the performance “dancing with the chicken”, Yisheng shares bought 576 million commercial buildings
On June 27, 2020, Shandong Yisheng Breeding Livestock Co., Ltd. (hereinafter referred to as the “Company” or “Yisheng Shares”) held the sixth (temporary) meeting of the fifth board of directors, with 7 votes in favor, 0 votes against, and 0 Abstaining from voting, deliberated and passed the “Proposal on the Company’s Purchase of Real Estate”, and agreed that the company should use its own funds to purchase the commercial building of the Zhuoyue Tianyuan Project developed and constructed by Qingdao Zhuoyue Yuhai Real Estate Co., Ltd. (hereinafter referred to as “Excellent Property”) (hereinafter referred to as “ Underlying assets”). On June 29, 2020, the company signed a sale and purchase contract with Excellent Real Estate.
The target asset of this transaction was developed and constructed by Qingdao Zhuoyueyuhai Real Estate Co., Ltd., located at No.787 Jinshatan Road, Qingdao Economic and Technological Development Zone, with a total area of 37374.39 square meters of the Zhuoyue Tianyuan project commercial building.
The transaction price of the underlying assets of this transaction is RMB 576,000,000 (uppercase: RMB 5,000,000,000) (excluding taxes and fees arising from the transaction). According to the “Shenzhen Stock Exchange SME Stock Listing Rules”, “Company According to relevant regulations such as the Articles of Association, this transaction is within the scope of the board of directors’ approval authority and does not need to be submitted to the company’s shareholders meeting for deliberation.
In 2019, its attributable net profit increased by 499.73% year-on-year. The company explained that it was mainly due to the fluctuation of market meat prices and the sharp increase in the prices of the company’s main broiler breeder chickens and commercial broiler chickens.
Edit Yue Caizhou