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Noposion to acquire 55% stake in Jin Sui Group, extending business to planting industry
Apr. 22, 2019
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ChinaNoposion is engaged in research, production and marketing of agrochemical formulations. Over the past years, the company has extended its businesses to agricultural financing, agricultural e-commerce and aerial crop protection. Several years ago, the company moved upstream toward the pesticide technical industry sector. However, after the Changlong Incident, the company switched to downstream businesses and began equity participation operations with agricultural material distributors. It is reported that Noposion has involved itself in more than 200 equity-participated agricultural material distributors in 28 provinces, including 53 equity-controlled and over 130 equity-participated distributors.
The website of the Jin Sui Group notes that the Group is a national agriculture industrialization development leader. Jin Sui owns 10 wholly-owned and equity-controlled subsidiaries, or subsidiaries under common control, which operate in Guangxi and Laos. In 2018, the total asset value of the Group approached Yuan1.5 billion. Jin Sui possesses a land reserve of 56,000 Mu in China and 32,000 Mu in Laos, which are used for planting banana, dragon fruit, citrus and sugarcane.
Jin Sui Group is in possession of nationally and internationally advanced banana and dragon fruit production techniques, and the quality of its products has reached Chinese green food standards and has been accredited with the ISO9001 certification. Its products are now being sold throughout China. Jin Sui is regarded as China’s largest agricultural industry leader, using the most advanced technology, highest level of industrialization and operating with a mature, modern agricultural business model.
Over recent years, many horizontal mergers have taken place, which are expected to continue among Chinese enterprises in the years ahead. However, vertical mergers have not often occurred, especially mergers extending to crop planting. Noposion’s move into crop planting, particularly in southern fruit planting, will enable the company to gradually apply standardized planting techniques, then to grow the company’s capacity for large-scale planting and processing of farm products. Eventually, the company will be able to establish its agricultural brands and develop overseas markets.
Source: AgroNews
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