- JV consortium led by AustAsia agreed to buy 100% of Inner Mongolia Chifeng Boyuan Cattle Breeding for RMB 20 million under an agreement dated March 26, 2026.
- Payment of RMB 20 million was made on March 30, 2026.
- Ownership will be split 60% to AustAsia World Wide (Shanghai) Sires, 40% to Inner Mongolia Zhong'ao Agricultural Investment.
- Boyuan will become a non-wholly owned subsidiary consolidated into AustAsia financial statements once completion occurs.
- Deal aims to secure frozen semen supply for AustAsia dairy and beef operations, with plans to expand into external sales of frozen semen and IVF embryos.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AustAsia Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260330-12080087), on March 30, 2026, and is solely responsible for the information contained therein.
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