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Huapont Life Sciences to raise Yuan900 million for azoxystrobin and mesotrione projectsqrcode

Favorites Print Dec. 22, 2017
Huapont Life Sciences Co., Ltd.
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Recently Huapont Life Sciences Ltd issued a private placement for fundraising of Yuan900 million for the establishment of an annual 600-ton azoxystrobin, 900-ton sulcotrione/mesotrione and 3,500-ton pesticide formulations capacity.
 
The details are as follows:
 
•  Yuan300 million on a New R&D Base.
•  Yuan280 million on 600-ton azoxystrobin, 900-ton sulcotrione/mesotrione and 3,500-ton pesticide formulations capacity.
•  Yuan150 million on acquisition of the 100% share of Sichuan Med.Shine.
•  Yuan155.262993 million on working capital replenishment.
 
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