Longda Foodstuffs Group plans to acquire 70% shares of Weifang Zhenxiang Food Co., Ltd.

By CnAgri2018-05-23 11:26:35 Print On May 13, Shandong Longda Foodstuffs Group announced that it will acquire 70% shares of Weifang Zhenxiang Food Co., Ltd. which slaughters about 2 million hogs annually.
The acquisition is the second hog slaughter and processing enterprise acquired by Longda Foodstuffs Group in recent half a month. On April 27, Longda Foodstuffs Group signed an agreement with Gao Zefu, the shareholder of Linyi Shunfa Food Co., Ltd. to acquire 60% shares of Linyi Shunfa Food Co., Ltd. for RMB 48 million.