Hunan New Wellful Co.Ltd(600975) announced that the company is planning a major asset restructuring. It is expected to purchase 100% equity of Tianxin seed industry and 2 million yuan of state-owned exclusive capital reserve, 48.2% equity of Yuanjiang Tianxin, 49% equity of Jingzhou Xiangmu, 39% equity of Hengdong Tianxin, 46.70% equity of Linxiang Tianxin, 100% equity of Hunan Tianhan, 100% equity of Chenzhou xiasitian, 100% equity of Xinhua Jiuyang, 100% equity of Hengdong Xinbang Hunan tianqin 100% equity, Longshan Tianhan 100% equity and raise supporting funds. This transaction is expected to constitute a major asset reorganization, a related party transaction and not a reorganization and listing. This transaction will not lead to the change of the actual controller of the company. The trading of the company’s shares shall be suspended from April 18 for no more than 10 trading days.
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