Dacheng Biochemical obtained Boston Asset Management
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On December 28, Dacheng Biochemical announced that it had received an increase of 944,000 shares from The Boston Company Asset Management LLC, a subsidiary of New York Mellon Bank. The transaction took place at an average price of 0.877 yuan per share, raising the ownership stake from 4.98% to 5.01%. This move highlights growing interest from international financial institutions in the company's stock. As the Chinese feed industry continues to expand, companies like Dacheng Biochemical are increasingly attracting attention from global investors. The Boston Company Asset Management LLC is known for its active role in managing assets across various sectors, and this investment suggests confidence in Dacheng Biochemical’s long-term growth potential. With the feed industry playing a crucial role in supporting animal husbandry and agriculture, such developments are closely monitored by market analysts and industry experts. The increase in stake also reflects the evolving landscape of foreign investment in China's agricultural sector. As more international players enter the market, local companies are likely to see increased scrutiny and opportunities for expansion. This update comes as part of the ongoing efforts by the Stock Exchange to ensure transparency and provide timely information to investors. The feed industry, supported by networks like VLh China Feed Industry Information Network, continues to serve as a vital link in the supply chain for animal farming and food production.