---
title: "TECON: Plans to acquire 51% equity of Qiangdu Animal Husbandry by cash payment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/254400959.md"
description: "TECON announced that it plans to acquire 51% equity of Qiangdu Animal Husbandry in cash, expecting to achieve control. The transaction is still in the planning stage, with specific arrangements to be negotiated. It is expected not to constitute a major asset reorganization and does not involve the issuance of shares or changes in control. The transaction needs to be submitted for review by the board of directors and shareholders' meeting, and obtain approval from regulatory authorities"
datetime: "2025-08-25T09:08:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/254400959.md)
  - [en](https://longbridge.com/en/news/254400959.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/254400959.md)
generator: "portal-rs"
---

# TECON: Plans to acquire 51% equity of Qiangdu Animal Husbandry by cash payment

TECON announced that the company has signed a "Share Acquisition Framework Agreement" with Xinjiang Qixing Qiangdu Group Agricultural and Animal Husbandry Co., Ltd. and Xinjiang Qiangdu Animal Husbandry Technology Co., Ltd. to acquire 51% of the shares of Qiangdu Animal Husbandry through cash payment. Upon completion of this transaction, the company expects to achieve control over Qiangdu Animal Husbandry. This transaction is still in the planning stage, and the specific transaction targets, acquisition ratio, price, and other arrangements will be negotiated by the parties based on the results of due diligence, auditing, and evaluation, and a formal acquisition agreement will be signed separately. This transaction is expected not to constitute a major asset restructuring, will not involve the issuance of shares by the listed company, will not lead to a change in the company's control, and will not constitute a related party transaction. This transaction still needs to be submitted to the company's board of directors and shareholders' meeting for review and obtain approval from the higher regulatory authority

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**