On 22 August 2018, Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan) announced that its first largest shareholder Sinochem International Co., Ltd. (Sinochem) intended to collect a transferee from the public to transfer its 86,684,127 shares (= 29.19% of the total) based on agreement.
On 8 Aug., 2018, Yuan Longping High-tech Agriculture Co., Ltd. (Longping High-tech) published the Report of Stock Release for Asset Purchase.
On 16 August 2018, Nantong administration made a notice about the work proposal for the rectification of chemical parks, zones and concentration areas.
On 9 Aug., 2018, the China Association of Pesticide Development and Application held a standing council, on which, the Ministry of Agriculture and Rural Affairs (MARA) said that it would try to phase out highly-toxic pesticides in five years, conduct re-evaluation on old ones with the history of over 15 years and keep pushing forward the registration of pesticides for minor crops.
On 10 August 2018, the Ministry of Agriculture and Rural Affairs of the People’s Republic of China (MOA) unveiled the agricultural produce supply and demand analysis made this month. It is expected that in 2018/19, the demand for corn will outweigh the production - the balance at the year of the period will reduce by 17.75 million tonnes. This means that the status quo where the corn supply outweighs the corn demand will be changed, and the corn planting area may be increased instead, due to the growths in corn price.
From 4 to 5 Dec., 2018, the Chemical Industry Branch of the China Council for the Promotion of International Trade (CCPIT) and the Lahore Chamber of Commerce & Industry together will hold the CAC Pakistan 2018, which is the agrochemical, agro-machine and seed industry exposition in Lahore, Pakistan. The expo aims to promote the exchange and cooperation of China and Pakistan in agrochemicals and agro-machine devices and technologies to push forward the agricultural development between the two countries.
On July 26, 2018, Shandong Province held a Standing Committee of People's Congress to conduct a special discussion on the work safety production in the province. The meeting indicated that in 2017, Shandong has closed and changed production for nearly 600 unqualified chemical companies. In the next step, the relocation of hazardous chemicals enterprises in urban densely populated areas will be speeded up, and the total number of chemical parks in the future will be determined. The province will only retain no more than 75 comprehensive parks and 10 professional parks through rectification.
Since June 2018, a total of 3 Chinese companies have made official registrations of flumorph related products.
² On 28 June, Jiangxi Haikuolisi Biotechnology Co., Ltd. obtained a registration of 25% flumorph WP;
² On 24 July, Hailir Pesticides and Chemicals Group obtained a registration of 30% flumorph + cyazofamid SC and Shandong Audis Bio-Tech Co., Ltd. 15% flumorph + metalaxyl-M WP.
In August 2018, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong) signed a Letter of Intent on the Share Transfer of Sinochem International Crop Care Company Limited (Sinochem Crop Care) and Shenyang Sinochem Agrochemical R&D Co., Ltd. (Sinochem Agrochemical R&D) with its affiliated party Sinochem International Corporation (Sinochem International). This is a move intended to accept 100% of shares in both Sinochem Crop Care and Sinochem Agrochemical R&D from Sinochem International in cash.
On 8 Aug., 2018, on the 2018 New Purchase Summit of Alibaba, Dow announced to open its purchase mall on the 1688 platform of Alibaba and signed a Dow Purchase Deal with it. It means that Dow has started to use the Alibaba platform to realize its digital transformation and improve its efficiency in purchase and sale.
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