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    300087   CNE100000QN4

WINALL HI-TECH SEED CO., LTD.

(300087)
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Winall Hi-tech Seed Co., Ltd. signed the share transfer agreement to acquire 70% stake in Xinjiang Xiangfeng Biological Technology Co., Ltd. from Li Yufeng and Jiang Qianlin for approximately CNY 160 million.

10/30/2020 EDT

Winall Hi-tech Seed Co., Ltd. (SZSE:300087) signed the share transfer agreement to acquire 70% stake in Xinjiang Xiangfeng Biological Technology Co., Ltd. from Li Yufeng and Jiang Qianlin for approximately CNY 160 million on October 29, 2020. The transaction price will be paid in 4 installments. 51% of the transfer price shall be paid to the accounts designated by both sellers within 5 days after the signing of the agreement, 22% of the transfer price shall be paid to the accounts designated by each seller within 5 days after the sellers provide Winall Hi-tech Seed Co. with the tax payment voucher for this equity transfer, 22% of the transfer price shall be paid to the accounts designated by each seller within 5 days after Xinjiang Xiangfeng Biological Technology completes the relevant industrial and commercial change registration procedures for this equity transfer, and after the transferred target equity is registered under the name of Winall Hi-tech Seed Co. and after the asset inventory and delivery audit are completed and remaining 5% of the transfer price shall be paid to the accounts designated by each seller within 10 days after Xinjiang Xiangfeng Biological Technology Co. completes its performance commitments during the performance commitment period (ie 2021, 2022, and 2023), and after the publication of the listed company’s 2023 annual report. As reported, Li Yufeng will transfer 40.09% stake for CNY 88.8 million and Jiang Qianlin will sell 29.91% stake for CNY 66.3 million. Li Yufeng will hold a 30% stake while Jiang Qianlin will hold no stake in Xinjiang Xiangfeng Biological Technology Co., Ltd following the transaction. Winall Hi-tech Seed Co., Ltd will use its self-own or self-raised funds of CNY 155.12 million to acquire the stake. Xinjiang Xiangfeng Biological Technology Co., Ltd. reported total assets of CNY 90.9 million and total owner’s equity of CNY 66 million. For the year ended December 31, 2019, Xinjiang Xiangfeng Biological Technology Co. reported revenue of CNY 60.4 million, operating profit and net profit of CNY 7.2 million. The 21st session of Winall Hi-tech Seed Co'S 4th directorate approved the acquisition.


ę S&P Capital IQ 2020
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04/23Winall Hi-tech Seed Co., Ltd. Announces Final Profit Distribution Proposal for 2020
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More news
Financials
Sales 2021 1 926 M 302 M 302 M
Net income 2021 150 M 23,5 M 23,5 M
Net Debt 2021 - - -
P/E ratio 2021 87,6x
Yield 2021 -
Capitalization 11 921 M 1 867 M 1 868 M
Capi. / Sales 2021 6,19x
Capi. / Sales 2022 4,85x
Nbr of Employees 763
Free-Float 34,2%
Chart WINALL HI-TECH SEED CO., LTD.
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Winall Hi-tech Seed Co., Ltd. Technical Analysis Chart | 300087 | CNE100000QN4 | MarketScreener
Technical analysis trends WINALL HI-TECH SEED CO., LTD.
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 28,92 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Qin Zhang Vice Chairman & General Manager
Qing Yi Zhang Financial Director & Secretary
Heng De Qin Chairman
Qing Jun Xie Chairman--Supervisory Board
Boxiang Lu Independent Director