[Summary] National leading enterprise in agricultural industrialization
The company was established with the approval of the Beijing Municipal People's Government's document Jingzheng Han [1998] No. 33, and was initiated solely by Beijing Shunxin Agricultural Development Group Co., Ltd. (formerly known as Beijing Taifeng Modern Agriculture Development Center) as a joint-stock company established through public offering. The company's total share capital was 280 million yuan, of which Beijing Shunxin Agricultural Development Group Co., Ltd. invested 313.9 million yuan of its evaluated partial operating net assets into the company, converted at a conversion rate of 66.90% into 210 million state-owned legal person shares, accounting for 75% of the total share capital. Public offering of 70 million social public shares was made, accounting for 25% of the total share capital. The company was formally established on September 21, 1998.
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