ZJAMP Holding Group was assigned 3.26% stakes in Nutrichem at spending of RMB 212 million ZJAMP Holding Group, Nutrichem

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On September 29, 2021, Zhejiang Hetai, a subsidiary of ZJAMP Holding Group, was assigned 40 million shares of Nutrichem, which was held by Huapont Life Sciences. The assignment was conducted in manner of block trade at a trading price of RMB 5.3 per share, at a total of RMB 212 million. After completion of the transaction, Zhejiang Hetai will hold 3.26% stakes in Nutrichem. 

Following its investment in Nutrichem via block trading, Zhejiang Hetai will initiate cooperation with Nutrichem in the agrochemical industry sectors covering product, channeling and industry chain development. The 2 sides will carry out an in-depth collaboration using the advantages of each based on a win-win basis, which will promote research, production and marketing development to enhance the company's core competitiveness.

The announcement says that Zhejiang Hetai’s investment in Nutrichem through capital association will be conducive to establishment of cooperation with Nutrichem, where the research and production capacity of Nutrichem is utilized in combination with the company’s marketing advantages. Both sides will work together towards aerial application, technical and formulation production and marketing to strengthen supply chain cooperation and channel sharing on a win-win basis.