Jiangsu changqing agrochemical co., LTD

Yiyang city embellish kang treasure chemical co., LTD., a stake and subscribed capital

Jiangsu changqing agrochemical co., LTD. Buy stakes in yiyang city embellish kang treasure chemical co., LTD. And subscribed capital increase of a signing ceremony on February 17, 2012 held in yiyang city, hunan province.

Company used 26.4 million yuan to buy stakes in yiyang city embellish kang treasure chemical co., LTD. And subscribed capital, embellish kang treasure after capital increase the registered capital increased to 16 million yuan, the company owns a 55% stake in embellish kang treasure.

Company to embellish kang treasure to purchase and subscribed capital increase, in line with the company long-term development strategy, make both parties products complement each other, coordinated development, quick market response and further expand its pesticide preparation product sales in the south China area, the layout of the national pesticide market is of great significance for the company. After completion of the project, through the integration of resources, adjust the market structure, embellish kang treasure operating conditions will be improved. At the same time, the offer in line with the state "twelfth five-year" pesticide industry to develop special planning, improve pesticide industrial concentration, to enhance the core competence and status of the company in the pesticide industry.