IPO application approved for Sino-Agri Leading Biosciences
Date:11-07-2017
On the 27th October, the China Securities Regulatory Commission approved the IPO application of Sino-Agri Leading Biosciences. The company said that the IPO will create a good foundation for improving its capital strength, expansion of its distribution channel, increase pesticide sales and the strengthening of crop protection services, thus enhancing the competitive edge of the company.
Founded on 8th April 2009, Sino-Agri Leading Biosciences is engaged in pesticide distribution and crop protection-oriented services, based upon its inherited pesticide business of Sino-Agri, with controlling shares held by Sino-Agri. At present, the business scope of Sino-Agri Leading Biosciences mainly includes three areas – pesticide distribution services, crop protection-oriented technical services and crop protection machinery supplies.
Relying on its advantage of brand image and its strong distribution capacity, Sino-Agri Leading Biosciences has established long-term and stable partnerships with multinationals, including BASF, Bayer, Syngenta, Dow Agrosciences, Ayrsta, Mitsui Agro, Nihon Nohyaku, Nippon Soda and Sumitomo, as well as Chinese pesticide producers, such as Yonon Biosciences, Kesai Agrochemical, Hansen Biological Science, Tianjin Hanbang and Jiangsu Changlong Agrochemical. Through the partnership, Sino-Agri Leading Biosciences has set up a well-structured and comprehensive “One-Stop Pesticide Supply Platform”. As of 30th June 2017, the company has developed 400-plus varieties of pesticides.
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