The entire stock equity of Anhui Linghua Chemical to be auctioned

The entire stock equity in Anhui Linghua Fine Chemicals Co., Ltd (Anhui Linghua) held by Zhejiang Linghua Industries Co., Ltd (Zhejiang Linghua) will be put up for a public auction on 25 July 2012 at a starting price of Yuan 37.50 million for its entire stock equity. The registered capital of Anhui Linghua is Yuan 50 million, located within Xiangyu Chemical Industrial Park of Dongzhi County, Chizhou City, Anhui Province.

Located in Huzhou of Zhejiang Province, Zhejiang Linghua is a large chemicals enterprise producing pesticide and calcium carbonate, specializing in production of pesticide like glyphosate and isoprothiolane, calcium carbonate like industrial calcium, active calcium and super fine calcium, as well as fine chemicals like edible sodium bicarbonate.

Zhejiang Linghua initiated its Anhui Investments in 2008, which included an annual 20,000-ton dimethyl phosphite project and an annual 30,000-ton PMIDA project at a total investment of Yuan 227 million.

In April 2012, all assets of Zhejiang Linghua were sold by public auction at a price of Yuan 95 million, including all assets of Zhejiang Linghua and Huzhou Linghua Investment Development Center in Linghua Town.