MQR: Related party increases capital of subsidiary by 1.8 million yuan
MQR announced that its related party, Xinjiang Yitai Fu Animal Husbandry Co., Ltd., plans to increase its investment in Xinjiang Feiduoduo Organic Ranch Co., Ltd. by 1.8 million yuan. After the completion of this transaction, MQR Group Co., Ltd.'s shareholding in Feiduoduo will decrease from 99% to approximately 9.9%, while Yitai Fu will hold 90% of Feiduoduo's equity, and MQR will no longer consolidate its financial statements. This transaction aims to concentrate resources to strengthen the competitiveness of the main business and support Feiduoduo's green farming and digital upgrade. The transaction still requires approval from the company's shareholders' meeting
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