Yunnan Bowin Technology Industry Co.Ltd(600883) on the evening of January 17, it was announced that the company planned to increase the capital of the wholly-owned subsidiary Shangri La Bowen Food Co., Ltd. (hereinafter referred to as “Shangri La Bowen”) in currency, with a capital increase amount of 20 million yuan. After the capital increase, the shareholding ratio of the company remained 100%. After the capital increase, Shangri La Bowen, as the business entity of the company’s edible fungus business, will build a processing and operation base with Tricholoma matsutake and its products and other edible fungus products as the main products around the company’s edible fungus business planning and production and operation plan, based on the core main production area of Shangri La, and further improve the raw material acquisition, primary processing Transit storage and transportation and sales operation.
The announcement shows that since its establishment in June 2021, Shangri La Bowen has mainly engaged in the procurement, sales and processing (including entrusted processing) of wild edible fungi with Shangri La as the core area, and its main products are Tricholoma matsutake and its products, other wild edible fungi and their products. Up to September 30, 2021, 54300 kg of products (raw materials) have been purchased; The total production of Tricholoma matsutake products is 29300 kg and other wild edible mushroom products is 55.20 kg; The accumulated operating income was 15.0647 million yuan and the net profit was 3.4574 million yuan.
On the same day, the company announced that Shangri La Bowen planned to acquire the land use rights and housing structures under the name of Shangri La Shengbao food import and Export Co., Ltd. (hereinafter referred to as “Shengbao company”) in the east of Kangzhu Avenue, Jiantang Town, Shangri La City, Diqing Tibetan Autonomous Prefecture, Yunnan Province (in Songrong Park, Huancheng East Road, shangri la), The transaction amount is 12.0221 million yuan (including tax).
Yunnan Bowin Technology Industry Co.Ltd(600883) said that in order to further carry out the business of edible fungi, relying on the high-quality resource endowment conditions in Shangri La, the company explored the investment opportunities of Yunnan Plateau Characteristic advantageous industrial projects with Tricholoma matsutake and its products as the main products; At the same time, in order to actively strive for the opportunity of local policies to support industrial development, on the basis of carrying out edible fungus business in the early stage, after careful investigation and demonstration, it is planned to increase investment in Shangri La to build a wild edible fungus processing base and further improve the integrated industrial chain of edible fungus business supply, production and marketing.
According to the announcement, the target assets of this acquisition are located in the matsutake Park of Shangri La City, which belongs to the main urban area. The park is the core distribution center of matsutake transactions in Diqing Prefecture, Yunnan Province. It has good geographical advantages and will be conducive to corporate image display, brand promotion and market competitiveness; In addition, the underlying asset is the business premises of the counterparty Shengbao company, which was originally used for the processing, storage, transportation and sales of Tricholoma matsutake. After the completion of this acquisition, it will help Shangri La Bowen solve the problem of rapid construction of production capacity in the main production area of Tricholoma matsutake, save the time and cost of new production capacity, and meet the company’s food fungus business development and production and operation needs, It is expected to have a positive impact on the company’s financial situation and operating results in 2022.
The company reminded that the underlying asset of this transaction was applied for by Diqing Agricultural Bank due to the loan contract dispute between Shengbao company and Diqing Agricultural Bank, which was sealed up by Diqing intermediate people’s court. Diqing Agricultural Bank is the creditor and the executor of the application. At present, the underlying asset is still sealed up. Shangri la Bowen, with the assistance of Diqing intermediate people’s court, will obtain the subject assets in accordance with the law through consultation with Shengbao company and Diqing Agricultural Bank of China.
