May. 28, 2018
Recently, Limin Chemical
announced its plans to set up a subsidiary called Limin Chemical (Myanmar) Co., Ltd. (subject to final approval) at a cost of $50,000.
The basic information of the subsidiary is as follows:
Name: Limin Chemical (Myanmar) Co., Ltd; registered address: Yangon, Myanmar; legal representative: Wu Mingfu; registered capital: $50,000; intended scope of business: import and sale of fungicides, herbicides and insecticides; share structure: $50,000 contributed by the company.
Limin Chemical says the establishment of the subsidiary in Myanmar reflects a positive response to the globalization strategy of the company, which is expected to create a new source of growth. The new set-up will enable the company to make full use of its existing registrations and enhance its profitability, which will also help expand the company's brand influence in the overseas market.
In addition, we will also invite most of the leading Chinese suppliers of pesticide technical and formulations to meet face-to-face with the overseas audience.