Wens Foodstuff Group announced that Wen Shuying, a close relative of the actual controller, plans to increase her stake in the company by at least 10 million yuan within six months. As of the announcement date, Wen Shuying holds 6,022,797 shares, representing a 0.09 percent stake. The company stated that the production cost of piglets in June was 240 to 250 yuan per head, and it is expected to decline further in the future. Regarding the pigs weaned per sow per year level, the company aims to increase it by more than one head each year, striving to exceed 32 heads in the future. The company also noted that although pig prices rebounded in July, they have not yet risen above the industry's average cost line, and it is expected that the industry's breeding sow herd will continue to decline.
Guangdong Wens Foodstuff Group Co LtdInsider stake increase of at least 10 million yuan signals confidence.