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Provider: Reuters Investment Profile
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Heilongjiang Agriculture Co Ltd to Transfer 98.55% of Subsidiary

Thursday, 18 Jul 2013 08:00pm EDT 

Heilongjiang Agriculture Co Ltd announced that it has decided to transfer its entire 98.55% stake in its subsidiary, a Heilongjiang-based rice group, which is engaged in the processing and sales of rice and other grains and agricultural products, to the Company's controlling shareholder, a Heilongjiang-based agribusiness group, for RMB 61,613,761.