Asia
Chaoda Modern Agriculture Boosts Stake in Unit
Chaoda Modern Agriculture (HKG:0682) unit Chaoda Vegetable & Fruits agreed to acquire a 34% additional stake in Chaoda Vegetable & Fruits (Wholesale & Logistics).The interest will be purchased from three sellers for nearly HK$5.2 million, according to a Monday bourse filing.Following completion, the company's stake in the target will increase to 94% from 60%.Through the acquisition, the company will boost its share of profits from the target, which accounted for 80% of its revenue for the year ended June 30, 2025.
HKG:0682
