兜兜里没钱
2021-09-30

$Farmmi, Inc.(FAMI)$Chinese agriculture products supplier Farmmi Inc (NASDAQ: FAMI) has agreed to acquire all the shares of Jiangxi Xiangbo Agriculture and Forestry Development Co., Ltd (Xiangbo) for about RMB70 million.

Farmmi expects the deal to expand its forest-related business. Xiangbo primarily uses its acreage to cultivate and produce Moso Bamboo, Camellia Oleifera, and Chinese Fir trees.

Xiangbo'sXiangbo's subsidiary, Yudu County Yada Forestry Co., Ltd., owns 1,4438.5 mu of economic forest in Yudu County, Ganzhou City, Jiangxi Province.

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