Xinjufeng to acquire 28.22% stake in Fenmei Packaging

Xinjufeng announced a plan to acquire a 28.22% stake in Fenmei Packaging for approximately HKD 999 million via cash, becoming its largest shareholder. The deal aims to strengthen the domestic aseptic packaging industry.

“通过本次参股投资，双方有望在产品设计、研发领域、销售市场等开展合作交流，对推进上市公司完善产品种类和市场布局有一定积极作用。”zqrb.cn

• 1 source
• zqrb.cn新巨丰拟收购纷美包装28.22%股权 强强联合助推本土无菌包装行业发展-证券日报网Jan 30, 2023

Summarized from public sources; check the original articles before acting on it.