Yuan Longping High-Tech Agriculture Co., Ltd. (Shenzhen: 000998)


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Business Description
Yuan Longping High-tech Agriculture Co.,Ltd. is a China-based company primarily engaged in the research, production and sale of agricultural products. The Company's main products include crop seeds, such as hybrid rice, corns, wheat, vegetables and fruits, among others; pepper and pepper products; rice, agricultural chemicals, cotton, as well as rapes, among others. It distributes its products in domestic and overseas markets. On December 31, 2013, it announced that it has acquired the 45% stake, 34.5% stake and 20% stake in Hunan-based seed company, Anhui-based seed company, and another Hunan-based company, respectively. After that, the Company wholly owned the three subsidiaries. On December 30, 2013, it sold an 80% stake in a Hunan-based investment company.