Trusted Market and Commodities-Trade Intelligence


Think Real News


Think Real press releases and industry coverage

Limin Chemical announced decision to terminate share transfer agreement with Shandong Damin

On 19 November 2018, Limin Chemical Co., Ltd. (Limin Chemical) made the Announcement to Terminate the Agreement on Share Transfer of Shandong Damin Chemical Co., Ltd. (Shandong Damin).


The company signed the Agreement on Share Transfer of Shandong Damin Chemical Co., Ltd. on 27 June 2017. Under this, Limin Chemical intended to acquire 70% of shares in Shandong Damin by cash. On 27 February 2018, the transferrer and the transferree made revision on the agreement.


However, the latest announcement showed that Limin Chemical terminated this agreement signed 1 year ago, because the target company failed to meet the requirements on “legal and long lasting stable ownership or use right of the properties such as land and housing”. This means that the conditions for the agreement to take effect were not fulfilled. In fact, the target company has gone through many changes. This is not in-line with the share transfer agreement and the side agreement and will do harm to each party’s interests. Such uncertainties make it hard to reach the goal set when the agreement was signed.


CCPIA Jiangsu Flag Hunan Haili Export and Import Registration GM corn Rotam ADAMA SinoChem NEEQ Hubei Xingfa Jiangsu Changqing Veyong Bio-Chemical Hubei Sanonda pesticide Project Dynamic Yongnong BioSciences Zhongnongfa Seed CAAS Zhongbao Lvnong MOA Jiangsu Lanfeng Glufosinate-ammonium Xanthan gum wheat Paraquat Arysta dicamba Pests and Diseases carbendazim Winall Hi-Tech Jiangsu Jiujiujiu soybean Jiangsu Yangnong Baolingbao glyphosate 草甘膦 Nantong Jiangshan environment protection Hailir pesticides Nanjing Redsun Longlive Biotechnology Fuhua Group RedSun lysine IPO Limin Chemical Export Weifang Rainbow Fengle Seed 百草枯 Huapont-Nutrichem DowDuPont Market Dynamic Mancozeb Fufeng Group Meihua Bio Metaflumizone Policy Zhejiang Wynca Sugar Lianhetech Henan Lotus wheat head blight Lier Chemical Bayer ICAMA Nutrichem CAS Longping High-tech Azoxystrobin Beijing Yoloo Star Lake Bioscience Sichuan Hebang Fuhua Tongda Imazamox Shenghua Biok MIIT Crop and Seed Xiwang Food Zhejiang Xinnong Huaheng Biotechnology Dow AgroSciences Jingbo Price BASF Jiangsu Huifeng Hebei Veyong pyraclostrobin Anhui Guangxin Shenzhen Noposion Chlorpyrifos Jiangsu Kwin Sanonda Seed MEP Shandong Qiaochang Sipcam Qingdao Hailir VB2 ChemChina DuPont ABACHEM Registration Monitor Shandong Luba FMC MARA Project Monitor CAC JPRI Noposion QHT NATESC CNSA glyphsate Lianhe Chemical Environmental Protection Sino-Agri Company Dynamic Insight MOFCOM Syngenta Bayer CropScience Output COFCO Biochemical Nippon Soda