Jiangxi Huangshanghuang Group Food (SHE:002695) plans to acquire a controlling stake in Guangdong Zhancui Food, according to a Shenzhen Stock Exchange filing on Tuesday.
The food producer, which also exports and imports pre-packaged health food, has a registered capital of 122.1 million yuan.
The Chinese manufacturer of sauce braised pork and instant side dishes is still in negotiation for the final price and stake of the potential acquisition, the filing said.
Huangshanghuang's shares closed over 7% lower.
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