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Lier Chemical to invest 440 million yuan to establish a joint venture with Corteva Agriscience Shanghai
Jan. 14, 2020
Lier Chemical Co., Ltd.
ChinaFollow
ChinaBasic 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
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