In the evening of November 19, as the first Chinese hot pot company listed in Hong Kong, Little Sheep Group declared that it will purchase 12.6% shares of its subsidiary Inner Mongolia Meat Company from Inner Mongolia Rixin Investment Company with 13.63 million CNY. After the acquisition, Inner Mongolia Meat Company will become a wholly owned subsidiary of Little Sheep.
Little Sheep said that in order to improve efficiency and benefit from economies of scale, it plans to expand the base of the capital and stockholders of its meat processing facilities.
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