According to the news from Zhijia Finance APP, Shenzhen Agricultural Products Group (000061.SZ) announced that the company plans to jointly establish a project company with Shanghai Construction Group Co., Ltd. (referred to as “Shanghai Construction”), Shanghai Pudong Commercial Development Group Co., Ltd. (referred to as “Pudong Group”), and Shanghai Huiyun Nan Commercial Development Co., Ltd. (referred to as “Huiyun Nan Company”) to invest in the “Shanghai Haijixing Huanan Project”, with a total investment amount not exceeding 3 billion yuan, and a registered capital of the project company not exceeding 1.3 billion yuan, with the company holding no less than 51% of the shares.

According to the announcement, the Shanghai Haijixing Huanan Project is located in Huanan Town, Pudong New District, Shanghai, covering an area of approximately 438 acres. The project will be positioned as a first-level comprehensive agricultural products logistics trade center in Pudong New District, and will leverage the geographical advantages of Huanan Town in Shanghai, focusing on developing agricultural products import and export business, aiming to become an important distribution center for agricultural products import and export in the cni yangtze index and even the whole country. This initiative will help the company continue to consolidate its wholesale market layout for agricultural products in the cni yangtze index region.