Xiangtan State Capital Takes Control of Better Life On March 16, Better Life announced that the transfer procedures for the agreement between Better Life Group and Xiangtan Industry Investment had been completed. The 86.3904 million shares transferred by Better Life Group have been registered under Xiangtan Industry Investment. After the transfer, Xiangtan Industry Investment holds 86.3904 million shares, accounting for 10.00% of the company's total share capital. Better Life Group waived the voting rights corresponding to the remaining 23.06% of the company's shares. Xiangtan Industry Investment became the controlling shareholder, and the Xiangtan State-owned Assets Supervision and Administration Commission became the actual controller. (Xiaoxiang Morning Herald)
Wang Laoji's Business Segment Continues to Exceed 10 Billion Yuan in Annual Revenue Yesterday, Baiyunshan released its 2022 performance. The health segment, whose main products include Wang Laoji, recorded main business revenue of 10.473 billion yuan, a year-on-year decrease of 3.48%, with a gross margin of 43.52%, down 3.82 percentage points year-on-year. (Company announcement)
Yingda Industrial's Acquisition of Arla Foods Dairy Products Import and Export Co., Ltd. Approved Recently, the State Administration for Market Regulation published the latest list of unconditionally approved concentrations of undertakings, among which "Yingda Industrial Investment Co., Ltd.'s acquisition of Arla Foods Dairy Products Import and Export Co., Ltd." was unconditionally approved on March 6, 2023. (Shidai)
By-Health's Net Profit Fell 20% Last Year By-Health released its 2022 performance yesterday. During the period, it achieved revenue of 7.861 billion yuan, a year-on-year increase of 5.78%; net profit was 1.411 billion yuan, a year-on-year decrease of 20.10%. (Company announcement, China.com.cn Finance)
Dynasty Fine Wines General Manager Resigns Dynasty Fine Wines announced yesterday that Li Guanghe has tendered his resignation as executive director and general manager to focus on other official duties. His successor is He Chongfu, who currently serves as deputy party secretary, director, and general manager of the subsidiary Sino-French Joint Venture Dynasty Winery Co., Ltd. (Company announcement)
BESTORE Deputy General Manager Jie Xiaofeng Resigns BESTORE announced yesterday that it received a written resignation report from Deputy General Manager Jie Xiaofeng, who proposed to resign from the position of deputy general manager. After resignation, he will still hold other positions in the company. (Company announcement)
Master Kong Launches New Product 'He Kuangquan' On March 16, Master Kong launched a new mineral water product 'He Kuangquan', which is now available on e-commerce channels at a promotional price of 23.9 yuan per pack of 12 bottles, approximately 2 yuan per bottle. (IBrandi)
Haitian Launches Pre-made Dishes: Green Pepper Grilled Fish and Golden Soup Pickled Fish Recently, Haitian's pre-made dishes were launched on its Tmall flagship store, including two products: Green Pepper Grilled Fish and Golden Soup Pickled Fish. According to the brand, the new products contain 0 sweeteners, 0 sodium tripolyphosphate, and 0 sodium pyrophosphate. (IBrandi)