HONG KONG--(BUSINESS WIRE)--National Agricultural Holdings Limited (“National Agricultural”, or together with its subsidiaries, the “Group”; stock code: 1236.HK) (SEHK:1236) is pleased to announce that the Group has signed a cooperation framework agreement with Guangdong Province Agricultural Means of Production Company Corporation (“Guangdong-agri Group”), in relation to the contemplated capital injection by the Group in Guangdong New Co-Op Skyrise Investment Co, Ltd. (廣東新供銷天成投資有限公司) (“Guangdong New Co-Op”), and the acquisition of 45% of the enlarged equity capital of Guangdong New Co-Op. The acquisition gives further impetus to the deepening of reform of enterprises under Guangdong Supply and Marketing Cooperative (“Guangdong SMC”), further improves the equity structure, promotes managerial and systematic innovation, enhances the business development capabilities, and raises economic efficiency. On the other hand, the acquisition illustrates that the business coverage of National Agricultural has extended from northern China to southern China, and is actively expanding across China. The inclusion of Guangdong New Co-Op further optimizes the internet finance industry chain of National Agricultural, while the high-quality assets within the national supply and marketing cooperatives system are also further integrated and optimized, bringing stronger synergy to all parties.
Guangdong New Co-Op is an entity owned by Guangdong SMC, and is a member entity of the All China Federation of Supply and Marketing Cooperatives. It is principally engaged in asset management, urbanization planning, operating and managing, property management and trading of agricultural-related products within Guangdong SMC. Furthermore, the Group is keenly consolidating and exploring land resources as well as developing urban commercial and trading complexes. Meanwhile, the Group is contemplating the integration of tea leaves business resources with an aim to engage in the operations of the entire industry chain of tea leaves, and to establish tea leaves commodity exchange to commence bulk trading of tea leaves commodities. Leveraging the cooperation and stakeholding, National Agricultural is progressing towards the goal of comprehensively serving the agricultural sector in terms of “Trading in Agricultural Means of Production” and “Urbanization Planning, Operating and Managing”, and is driving its internet finance industry strategy. The movement also marks the kick-off and integration of the tea leaves trading on the trading platform for agricultural products under National Agricultural.
Mr. Chen Li-jun, Chairman of National Agricultural, said, “National Agricultural is actively seizing opportunities in the development of the ‘agriculture, rural areas and farmers’ sector and propel mergers and acquisitions of high-quality agri-related enterprises step by step, to drive the integration and upgrade of the industry chain of agri-related transactions. The acquisition of Guangdong New Co-Op, a member of the supply and marketing cooperatives system, will strengthen two of the Group’s major businesses - trading in agricultural means of production and urbanization planning, operating and managing, which will further reinforce the Group’s position as the leading enterprise in the ‘agriculture, rural areas and farmers’ sector.”
About National Agricultural Holdings Limited
National Agricultural Holdings Limited (SEHK code: 1236.HK) is a rural market-based company that integrates financial services, agri-related trade, information, industry and science research. Its principal businesses are rural financial services, trading in agricultural means of production, planning, operation and management on urbanization development and high-tech information technology, etc. These directives are fully implemented to accommodate China's strategic goal of vigorously developing “Agriculture, Rural Areas and Farmer” sector and a new model of urbanization. Hebei Supply and Marketing Cooperative made an equity investment in National Agricultural Holdings through its subsidiary Parko (HongKong) Ltd. in November 2013.