AgriNurture, Inc. agreed to acquire additional 19% stake in Fucang Trading Limited.
December 27, 2020
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AgriNurture, Inc. (PSE:ANI) agreed to acquire additional 19% stake in Fucang Trading Limited on December 28, 2020. Purchase price will be determined based on the audited net book value of Fucang at the end of December 31, 2020. Post completion of the acquisition, AgriNurture will now hold 70% stake in Fucang Trading. As of December 28, 2020, Board of Directors of AgriNurture approved the transaction.
AgriNurture, Inc. is engaged in importing; trading, and fabricating of post-harvest agricultural machineries intended to manage the productivity, as well as the income of Filipino farmers. It is involved in corporate farming, in all its branches for planting, growing, cultivating, and producing of crops. It operates in four segments: Exports, Distribution, Retail, and Foreign Trading. The Export segment is in charge of looking for markets abroad as well as sourcing the produce possible to satisfy its growing number of clients abroad. Its main export products are fresh banana, fresh mango, and coco-water. The Distribution segment is responsible for the local sales and distribution of various produce that the Company offers to a number of supermarkets around Luzon. The Retail segment is responsible for the management and operation of the Groupâs retail businesses. The Foreign Trading segment is charge of the international distribution operations of the Group in China.
AGRINURTURE, INC. 
