Haid Group proposes spin-off of international unit for Hong Kong listing

Guangdong Haid Group is proceeding with the spin-off and listing of its subsidiary, Haida International Holdings Company Limited, on the Main Board of the Hong Kong Stock Exchange. The board of directors approved the proposal on October 16, 2025. The spin-off is expected to enhance the group’s international influence, broaden financing channels for its overseas operations, and optimize its capital structure.

Haida International Holdings will focus on feed, seed, and animal health businesses in Asia (excluding East Asia), Africa, and Latin America. The parent company’s net profit attributable to shareholders (after deducting the net profit of the spun-off subsidiary) for the last three fiscal years is RMB8.35 bn, exceeding the RMB600 m threshold. The net profit and net assets attributable to shareholders of the spun-off subsidiary in the most recent fiscal year (2024) are 16.34% and 16.03%, respectively, of the listed company’s consolidated figures, both within regulatory limits.

Haid Group's stock price decreased 3.66% between September 10, 2025, and October 15, 2025, but the company states no abnormal fluctuations after accounting for broader market and industry factors. The proposal, reviewed by independent financial advisors, legal counsel, and audit firms, ensures that Haid Group and the spun-off entity will maintain independence in assets, finances, institutions, personnel, and operations.