nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

ADAMA to become New Name of Listed Company, Achieving Final Combination Milestoneqrcode

Dec. 11, 2018

Favorites Print
Forward
Dec. 11, 2018
ADAMA, the combination of Adama Agricultural Solutions Ltd. (“Solutions”) and Hubei Sanonda Co. Ltd. (“ListCo”) (SZSE 000553), recently announced that the Board of Directors of ListCo has approved the change of its name to ADAMA Ltd.

The name ADAMA comes from the Hebrew word for “earth” or “soil”. This step is the final milestone in the combination of the two companies, and demonstrates their coming together under ADAMA as a single global brand, reflecting the company’s farmer-centric focus and its commitment to advancing agriculture in markets around the world.

ADAMA is the only integrated Global-China crop protection company, as well as the first global one to be publicly traded on the China stock market.

Commenting on the name change, Yang Xingqiang, Chairman of ADAMA’s Board of Directors, said, “The unification of our company under the global ADAMA brand cements our identity as a Global-China crop protection leader, bringing innovative solutions that simplify the lives of farmers in China and worldwide.”

Chen Lichtenstein, President and CEO of ADAMA, added “We are bringing one of the world’s leading crop protection brands to our combined company, farmers, customers, our people, shareholders and the public equity markets. Being traded on the Shenzhen Stock Exchange, we offer a distinctive opportunity for both Chinese and international investors to participate in our growth journey.”

A shareholder meeting has been set for December 26, 2018 to approve the name change, and it is expected to come into effect in the coming weeks.

The company’s A-shares and B-shares will continue to trade on the Shenzhen Stock Exchange, and while the stock abbreviations will change to ADAMA, the stock codes (tickers) will remain the same.


Source: ADAMA

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

2019 Formulation & Adjuvant Technology Annual Review 2018
Chinese issue of Annual Review 2018 Chinese issue of 2018 Market Insight
2018 Market Insight Chinese issue of 2018 CRO & CRAO Manual
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.