Shengtai Group announced on July 15 that HAIMINH, the company's wholly-owned overseas subsidiary, plans to use its own capital and bank loans to acquire 58% of GOLDENEAGLE's shares held by Golden Eagle Co., Ltd., with a transaction amount of US$133.39 million. After the transaction is completed, the company will indirectly hold 100% of GOLDENEAGLE's shares, which will be included in the scope of the consolidated statement. The acquisition aims to establish a “cotton+linen” dual natural fiber industry system, optimize the domestic and international dual-cycle supply chain, and improve operational efficiency.

Shengtai Group announced on July 15 that HAIMINH, the company's wholly-owned overseas subsidiary, plans to use its own capital and bank loans to acquire 58% of GOLDENEAGLE's shares held by Golden Eagle Co., Ltd., with a transaction amount of US$133.39 million. After the transaction is completed, the company will indirectly hold 100% of GOLDENEAGLE's shares, which will be included in the scope of the consolidated statement. The acquisition aims to establish a “cotton+linen” dual natural fiber industry system, optimize the domestic and international dual-cycle supply chain, and improve operational efficiency.