Plum Bio Subsidiary To Take A Stake in Wheeler Agriculture

Meihua Bio (600873) announced on the evening of April 2, in order to become bigger and stronger fertilizer business, the company's wholly-owned subsidiary Xinjiang Plum Amino Acid Co., Ltd(Xinjiang Plum Flower) to reach a capital increase agreement with Xinjiang Huier Agricultural Science and Technology Co., Ltd(hereinafter referred to as Huier Agriculture), Xinjiang Plum intends to invest 30 million yuan, with reference to the previous Huier agricultural capital increase price, at the price of 5 yuan / share to subscribe for Huier Agricultural 6 million new sharesUpon completion of the capital increase, the registered capital of Wheeler Agriculture will be increased from 52 million yuan to 58 million yuan, and Xinjiang Meihua will hold a 10.345 percent stake in Wheeler AgricultureGJf
Wheeler Agriculture is currently the largest private fertilizer supplier in Xinjiang, and the market share of fertilizer is among the best in the regionThe two sides agreed in the capital increase agreement, Huier Agriculture to ensure that Xinjiang Meihua this time to pay the capital increase of 30 million yuan, for the construction of two production lines in Xinjiang Meihua Industrial Park, a liquid fertilizer production line, a granulation bed instant fertilizer production line, and completed at the end of 2015 put into operation;GJfPlum Biology (600873) announced on the evening of April 2, in order to make bigger and stronger fertilizer business, the company's wholly-owned subsidiary Xinjiang Plum Amino Acid Co., Ltd(Xinjiang Plum Flower) to reach a capital increase agreement with Xinjiang Huier Agricultural Science and Technology Co., Ltd(hereinafter referred to as Huier Agriculture), Xinjiang Meihua intends to invest 30 million yuan, with reference to the previous Huier Agricultural Capital Increase Price, at the price of 5 yuan/ shareUpon completion of the capital increase, the registered capital of Wheeler Agriculture will be increased from 52 million yuan to 58 million yuan, and Xinjiang Meihua will hold a 10.345 percent stake in Wheeler AgricultureGJf
Wheeler Agriculture is currently the largest private fertilizer supplier in Xinjiang, and the market share of fertilizer is among the best in the regionThe two sides agreed in the capital increase agreement, Huier Agriculture to ensure that Xinjiang Meihua this time to pay the capital increase of 30 million yuan, for the construction of two production lines in Xinjiang Meihua Industrial Park, a liquid fertilizer production line, a granulation bed instant fertilizer production line, and completed at the end of 2015 put into operation; GJf
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