About China National Agricultural Development Group
China National Agricultural Development Group offers comprehensive agricultural services. The company provides agricultural resource exploitation, biological vaccine research, feed additives development, pelagic fishing, and agricultural seed trade services. It also conducts diesel manufacturing and port construction businesses. It is based in Beijing, China.
Latest China National Agricultural Development Group News
Jul 22, 2021
There have been several key events that have been unfolding in the milk company lately. Multi Asset Portfolio Strategist at Zecca Capital Partners Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager domiciled across Australia and Europe. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby. You can view Zach's holdings here . Latest posts by Zach Bristow ( see all ) Image source: Getty Images A2 Milk shares finished yesterday at $6.95, a 0.9% gain from the previous closing price. Whilst there was no market sensitive news yesterday, let’s take a closer look at what has unfolded for the company lately. What is behind the a2 Milk share price lately? A2 Milk says it received regulatory approval to acquire a 75% interest in Mataura Valley Milk on 5 July. Approval came from the New Zealand Overseas Investment Office for A2’s stake in the New Zealand dairy nutrition company. A key benefit to this deal, A2 Milk says that majority shareholder China Animal Husbandry Group (CAHG) will retain a 25% interest alongside the company. CAHG is currently the majority shareholder in Mataura Valley Milk. It is also a wholly-owned subsidiary of China National Agricultural Development Group Co Ltd (CNADG). According to A2, CNADG is also the parent company of China State Farm, A2’s distribution partner in China. Investors can expect more updates on the acquisition when A2 Milk releases its full-year results in August. Since the announcement on 5 July, the A2 Milk share price has climbed 6.6%. A2 Milk share price snapshot The A2 Milk share price has had a choppy year to date, posting a loss of 39%. This has extended the previous 12 month’s loss of 64%. For context, the S&P / ASX 200 Index (ASX: XJO) has posted a 12-month return of 20%. At the time of writing, A2 has a market capitalisation of $5.2 billion. Should you invest $1,000 in A2 Milk right now? Before you consider A2 Milk, you'll want to hear this. Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and A2 Milk wasn't one of them. The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more. * And right now, Scott thinks there are 5 stocks that are better buys.
China National Agricultural Development Group Frequently Asked Questions (FAQ)
Where is China National Agricultural Development Group's headquarters?
China National Agricultural Development Group's headquarters is located at Zhongshui Mansion 31 Xidan Minfeng Hutong, Beijing.