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SDIC Seed Industry obtained 20% equity of Fengle Seed Industry and became the controlling shareholder of the company

author:Seed the world
SDIC Seed Industry obtained 20% equity of Fengle Seed Industry and became the controlling shareholder of the company
SDIC Seed Industry obtained 20% equity of Fengle Seed Industry and became the controlling shareholder of the company

On April 29, 2024, Hefei Fengle Seed Industry Co., Ltd. issued the "Announcement on the Completion of the Transfer Registration of the Controlling Shareholder's Share Transfer and the Change of the Controlling Shareholder and the Actual Controller", marking that SDIC Seed has become the controlling shareholder of Fengle Seeds, and the number of A-share listed companies of SDIC Group has increased by 1.

SDIC Seed Industry obtained 20% equity of Fengle Seed Industry and became the controlling shareholder of the company

In order to actively implement the spirit of General Secretary Xi Jinping's important instructions and the decision-making and deployment of the Party Central Committee, SDIC Group regards the seed industry as an important area of the group's development, establishes SDIC Seed Industry Technology Co., Ltd., vigorously promotes the core technology research of seed sources, and forms an integrated seed industry science and technology operation platform of "research, breeding, multiplication, promotion and service" through the layout and expansion of key links in the industrial chain.

Founded in 1984 and listed on the A-share market in 1997, Fengle Seed is the first listed company in China's seed industry. At present, Fengle Seed has three business segments of seed industry, agrochemical and spice industry, and has a complete scientific research, production, processing, sales and service system, and is a national "breeding, breeding and promotion integration" seed industry enterprise, China's seed industry credit backbone enterprise, national key leading enterprise of agricultural industrialization, high-tech enterprise, etc., and is listed as a "leading enterprise team" and "strong advantage formation" enterprise by the Ministry of Agriculture and Rural Affairs.

Since its establishment in September 2023, SDIC Seed Industry has actively carried out the integration of "research, breeding, breeding and promotion" in mergers and acquisitions. On April 29, 2024, SDIC Seed successfully completed the share transfer registration, obtained 20% of the equity of the listed company of Fengle Seeds, became the controlling shareholder of Fengle Seeds, and the State-owned Assets Supervision and Administration Commission of the State Council became the actual controller of Fengle Seeds.

SDIC Seed Industry will further strengthen the in-depth layout of the biological breeding industry and the upstream and downstream industrial chain of the seed industry through Fengle Seeds, making it an important seed industry development industry operation platform, capital operation and resource gathering platform, and work with SDIC Seed Industry to play a greater value, jointly promote industrial development, share long-term benefits, and build an industrial ecology, so as to build a leading domestic and world-class seed industry technology company, and make greater contributions to winning the battle of seed industry turnaround and ensuring national food security!

SDIC Seed Industry obtained 20% equity of Fengle Seed Industry and became the controlling shareholder of the company

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Editors of this issue: Ding Jiahui and Wei Rong

Review of this issue: Wang Meihong

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