Beijing Sanyuan Foods Co., Ltd. (SHSE:600429) agreed to acquire Shandong Sanyuan Dairy Co., Ltd. from Beijing Capital Agribusiness & Food Group for CNY 106.56 million on November 25, 2023. The total equity value of Shandong Sanyuan shareholders is CNY 106.55 million. Shandong Sanyuan Dairy Co., Ltd. Reported total assets of CNY 106.72 million and net assets of CNY 47.91 million on September 30, 2023.

Beijing Sanyuan Foods Co., Ltd. board of directors approved the transaction.