China National Seed Group seeks 20% stake in Winall Hi-Tech Seed

Guoyuan Securities Company Limited issued an independent financial advisor report concerning China National Seed Group Co., Ltd.'s tender offer for Anhui Winall Hi-tech Seed Co., Ltd. The offer, priced at RMB 11.85 per share, seeks to acquire 189,466,350 shares, representing 20.00% of Winall Hi-Tech Seed's total issued shares. The total maximum consideration for this partial tender offer is RMB 2,245,176,247.50. The tender offer period is set from December 4, 2025, to January 5, 2026.

Winall Hi-Tech Seed's board of directors, in their report to all shareholders, noted that the offer price of RMB 11.85 per share represents a premium of 27.62% over the average trading price of the shares in the 30 trading days prior to the announcement. They advised shareholders to consider the company's prospects, personal risk preferences, and investment costs when deciding whether to accept the offer. The acquisition is not intended to terminate Winall Hi-Tech Seed's listing status.

China National Seed Group stated that the funding for the acquisition will come from a loan provided by its controlling shareholder, Syngenta Group Co., Ltd. Winall Hi-Tech Seed's board also confirmed that there were no significant changes in the company's assets, business, or personnel prior to the acquisition.