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On October 18, the seed company Nongfa Seed Industry announced that in order to enhance the market competitiveness of the company’s corn seed business, it plans to acquire 52% of Gansu Xingda’s equity held by 12 natural persons including Chai Hongmei.
According to the announcement, Gansu Xingda Seed Industry Co.
Nongfa Seed Industry stated that the total equity transfer price for this transaction is 15.