China National Seed Group to boost stake in Winall Hi-Tech Seed

China National Seed Group Co., Ltd. (CNSG) announced a tender offer to acquire 189,466,350 shares of Winall Hi-Tech Seed, representing 20.00% of its total issued shares. The offer price is CNY 11.85 per share, payable in cash. The tender offer is scheduled to run from December 4, 2025, to January 5, 2026. This move is intended to strengthen CNSG's control over Winall Hi-Tech Seed.

Prior to this offer, CNSG held 20.51% of Winall Hi-Tech Seed’s total outstanding shares. Upon completion, CNSG’s maximum ownership will reach approximately 40.51% of the total share capital. The offer is an active tender offer and does not aim to terminate Winall Hi-Tech Seed’s listed status. Funding for the acquisition, totaling up to CNY 2,245,176,247.50, will be provided by loans from Syngenta Group Co., Ltd., CNSG’s controlling shareholder.

CNSG has committed to addressing potential horizontal competition issues with Winall Hi-Tech Seed in the domestic rice and wheat seed markets and in international business operations if its overseas crop seed project in Bangladesh becomes operational. Measures may include asset restructuring, business adjustments, entrusted management, or joint ventures, and will be implemented within five years.