Huapont Life Sciences to raise Yuan900 million for azoxystrobin and mesotrione projects

Recently Huapont Life Sciences Ltd issued a private placement for fundraising of Yuan900 million for the establishment of an annual 600-ton azoxystrobin, 900-ton sulcotrione/mesotrione and 3,500-ton pesticide formulations capacity.

 

The details are as follows:

 

•  Yuan300 million on a New R&D Base.

•  Yuan280 million on 600-ton azoxystrobin, 900-ton sulcotrione/mesotrione and 3,500-ton pesticide formulations capacity.

•  Yuan150 million on acquisition of the 100% share of Sichuan Med.Shine.

•  Yuan155.262993 million on working capital replenishment.