After Long Ping High-Tech merged into SANRUI AGRITEC“nuts giant”Qiaqia Food Co.,Ltd.( Q co.) also announced to buy a share of this Sunflower seed industry giant. On December 18th it notice that to purchase of about 11% shares of SANRUI AGRITEC bythe way to transferring stock. The price of this transfer is 9.87 yuan / unit , and the total price of the transaction is RMB 150 million.

Qiaqia Food Co.,Ltd will buy about 11.61 million shares from Zhang Yongping, Zhao Yiping and 11 shareholders of Sanrui Agricultural Branch. After the completion of this share transfer, the Q co. can nominate 1 directors and 1 supervisors to SANRUI AGRITEC.

Given the consideration on Comprehensive information of the parties concluded that SANRUI AGRITEC founded in 2010, focusing on the production, promotion, sales and technical service of the seed of the edible sunflower, it is a modern company having breeding and propagation integration modern, which are very few in Chinese sunflower seed industry.

The previous disclosure by SANRUI AGRITEC that in the year of 2016, the company popularized and planted sunflower seeds about 3.89 million mu, accounting for 33.83% of the total planting area of 11.5 million mu of sunflower in that year in China. The market share is more than 85% in Chifeng area ,Mongolia, 50% or more in Xinjiang, more than 60% in Gansu, domains Segment market area of Sunflower hybrid. For Q co.that be with sunflower seeds as the core product the participation of SANRUI AGRITEC will undoubtedly promote the company's layout to the upper quality raw materials. Research shows, recently, Q co.to ensure the raw material quality and supply of sunflower seeds by order agriculture.”It is of great significance to help farmers achieve sustainable and stable production benefits and have important implications for creating a cooperative and win - win sunflower industry ecosphere” SANRUI AGRITEC said.