---
title: "SuKen Agriculture plans to acquire 23 million shares of GOLDEN SUN for 178 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243070644.md"
description: "SuKen Agriculture plans to acquire 23 million shares of GOLDEN SUN at a price of 178 million yuan, accounting for 28.75% of its total share capital. The transaction will be paid in cash, with a share transfer price of 9.32 yuan per share. Upon completion of the transaction, SuKen Agriculture will hold 80% of GOLDEN SUN's shares, which is expected to enhance decision-making efficiency and reduce management costs"
datetime: "2025-06-04T09:28:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243070644.md)
  - [en](https://longbridge.com/en/news/243070644.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243070644.md)
---

# SuKen Agriculture plans to acquire 23 million shares of GOLDEN SUN for 178 million yuan

According to the Zhitong Finance APP, SuKen Agriculture (601952.SH) announced that the company plans to use its own funds to acquire 23 million shares (accounting for 28.75%) of Jin Tai Yang Grain and Oil held by shareholders Chen Jie, Teng Xiaomei, Cong Hongfen, Chen Shuyan, Yuan Jianjun, Zhu Guoliang, Zhou Xianzhong, Zheng Jian, and Nantong Qilong Equity Investment Center (Limited Partnership) (referred to as "Nantong Qilong") through a specific matter agreement transfer method, with no restrictions on sale. The transfer price is determined to be 9.32 yuan per share based on the assessed value of all shareholders' equity of Jin Tai Yang Grain and Oil as of August 31, 2024 (the audit assessment benchmark date), following multiple negotiations. Since dividends will be distributed to shareholders in November 2024 after the assessment benchmark date, the total investment amount for this transaction is 178 million yuan. After the transaction is completed, the company will hold 64 million shares of Jin Tai Yang Grain and Oil, accounting for 80% of the total share capital of Jin Tai Yang Grain and Oil.

It is reported that this acquisition is beneficial for unleashing organizational potential, improving the decision-making efficiency of the company towards its subsidiaries, and reducing management costs

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