Hebei Lansheng Biotech Co., Ltd.
Beijing Multigrass Formulation Co., Ltd.

Lier Chemical to invest 440 million yuan to establish a joint venture with Corteva Agriscience Shanghaiqrcode

Jan. 14, 2020

Favorites Print
Forward
Jan. 14, 2020
On January 13, 2020,Lier Chemical announced that the company signed a "Shareholders Agreement" with Corteva Agriscience (Shanghai) Co.,Ltd. (Corteva Agriscience Shanghai)to jointly set up a subsidiary. The total registered capital is 550 million yuan, of which, Lier Chemical contributes 440 million yuan with 80% equity of the joint venture,  Corteva Agriscience Shanghai contributes 110 million yuan with 20% equity of the joint venture.
 
Basic information of the proposed subsidiary:
Company Name: undetermined
Registered address: Sichuan, China
Registered capital: RMB 550 million
Business scope: R & D, production and sales of pesticide intermediates, chemical raw materials and chemical products.
 
Lier Chemical said the establishment of the joint venture subsidiary will deepen the cooperation between the two companies, which will help the company expand its business scale and enhance the market competitiveness and comprehensive strength. Also,This cooperation will give full play to the advantages of both sides in terms of resources, market, technology, production and other aspects, which is in line with the company's development strategy. At the same time, the amount of the investment does not have a high proportion of the company's net assets, and will not have a significant adverse impact on the company's financial operating conditions. It has no damage to the interests of the company and all shareholders, especially small and medium shareholders. The production of projects in joint venture subsidiary will exert a positive impact on the company's future finance and business performance.
 
Source: AgroNews

Picture 0/1200

More from AgroNews

Magazine

2020 India Pesticide Suppliers Guide 2020 Market Insight
Chinese issue of 2020 Market Insight 2020 CRO & CRAO Manual
Chinese issue of 2020 Biologicals Special 2020 Biologicals Special
I wanna post a press Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.