AUSTASIA GROUP Announces Completion of Joint Venture's Acquisition of Inner Mongolia Breeding Cattle Company

Stock News04-14

AUSTASIA GROUP (02425) has announced that the joint venture consortium, comprising AustAsia Global (Shanghai) Breeding Stock Co., Ltd. and Inner Mongolia Zhongao Nongtou Agriculture Co., Ltd., has finalized the acquisition of a 100% equity stake in the target company, Inner Mongolia Chifeng Boyuan Breeding Cattle Co., Ltd. The transaction, valued at RMB 20 million, was completed on April 13, 2026. Following the acquisition, AustAsia Global (Shanghai) Breeding Stock Co., Ltd. holds a 60% stake in the target company, while Inner Mongolia Zhongao Nongtou Agriculture Co., Ltd. holds the remaining 40%. The target company is now a non-wholly owned subsidiary of AUSTASIA GROUP, and its financial performance, assets, and liabilities will be consolidated into the Group's financial statements.

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