After the share purchase, Mr. Li owns 966,436,461 shares of the Company, accounting for 45.44% of total outstanding shares of the Company.
Commenting on the increase in stake, Mr. Li Xuechun said, “As the Chairman, I am very confident of the development of the Group.”
About Fufeng Group Limited
Fufeng Group (HKG:0546) is the world's largest producer of MSG, xanthan gum and a major supplier for a series of bio-fermentation products. The main products of the Group are food additives, animal nutrition, colloid and high-end amino acids. In fiscal 2016, Fufeng generated sales of approximately RMB11.2 billion and profit attributable to shareholders of about RMB1.09 billion. For more information, please visit our website www.fufeng-group.com
Fufeng Group Limited