Jan. 4, 2018
Chinese agrochemical company Shandong Cynda Chemical
recently announced the setting up of a wholly-owned subsidiary, Jinan Ruisibang International Trade Ltd, to develop agro and pesticide technologies, and expand its logistics and trading activities.
Cynda says that the establishment of the wholly-owned subsidiary is aimed at trading activities at home and abroad. The extension of the business end of the company fits its future plans and will benefit the company in the long run.
The subsidiary is self-financed, and will not impact the financial standing and business operations of the parent company.