Tarim Agriculture completes asset sale, eyes growth

Xinjiang Talimu Agriculture Development (SSE:600359) successfully completed the sale of its stake in Xinong Dairy to Tianrun Dairy, with Caitong Securities acting as the financial advisor, marking a strategic shift for the company. While the deal is largely completed, with asset transfers and most payments finalized, some remaining procedural conditions must be met before the final payment is made. In 2024, Tarim Agriculture reported revenues of ¥57.18 million, a modest 4.26% increase year-over-year, although net profits declined by 53.81% to ¥3.18 million. This transaction is expected to provide Tarim Agriculture with increased financial flexibility to focus on its core agricultural operations and pursue new growth opportunities, though investors are advised to monitor for potential risks associated with the outstanding payment.