Beijing Dabeinong Technology Group intends to apply for 110 million yuan of annexation loan

NBD AI Bulletin - Beijing Dabeinong Technology Group Co., Ltd. (the Company) announced on January 21 that the Company's board of directors, based on the requirements of the Company's rules on the administration of external guaranty and daily business needs, intends to give nod to the application of no more than 110 million yuan of annexation loan from the Bank of Beijing's Zhongguancun branch. The Company will pledge its 52% stake in Beijing Jinse Nonghua Seed Industry Technology Co., Ltd. to the Bank of Beijing's Zhongguancun branch, and the term of the loan would be no more than five years.

The Company's 2020 semi-annual report shows that the main businesses of Beijing Dabeinong Technology Group Co., Ltd. are feed industry, pig industry, other industries, seed plant protection industry, accounting for 75.05%, 15.24%, 6.29%, 3.42% of revenue, respectively.

Beijing Dabeinong Technology Group Co., Ltd.'s chairman is Shao Genhuo, a 56-year-old man who received a Bachelor's degree from Zhejiang University (formerly Zhejiang Agricultural University) in 1986. The Company's president is Zhang Lizhong, a 47-year-old who got his Master's degree in agricultural promotion at Northeast Agricultural University.

Tips on "stock trends":

1. The number of shares held by northbound investors decreased by 11.463 million over the past 30 days, representing 0.4% of the Company's circulating shares.

2. In the past 30 days, one batch of institutions conducted reseach on the Company. 

(By Lan Suying)

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