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Jiangsu Yangnong spends USD29.4 million to acquire remnant shares in two holding subsidiaries

On 25 December, 2018, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong) signed an agreement on share transfer with Yangzhou Tianping Chemical Co., Ltd. (Tianping Chemical), acquiring remnant shares in two holding subsidiaries from the latter.

 

Jiangsu Yangnong to acquire pesticide business from Sinochem International

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.

 

Jiangsu Yangnong: subsidiary start a new project with 15,475 t/a pesticide

On 14 April, 2017, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong) issued a notice that its holding subsidiary-Jiangsu Youjia Plant Protection Co., Ltd. (Jiangsu Youjia) would plan to invest in a number of major projects, including 11,475 t/a of pesticides, 1,000 t/a of herbicide, 3,000 t/a of fungicide, 2,500 tons / year of chloroacetophenone and 37,384 t/a of related by-products.

 

Yangzhou Government: Jiangsu Yangnong to finish relocation by end of 2018

On 12 Oct., 2016, the Yangzhou Government, Jiangsu Province, held an online talk show about the quality of air, which was participated by the local Vice Mayor and people from the Environmental Protection Bureau (the Bureau) as well as citizens. In the show, the City Government promised that Jiangsu Yangnong Chemical Group Co., Ltd. (Jiangsu Yangnong, a listed domestic pesticide enterprise) be moved out of the downtown of Yangzhou by the end of 2018.

 

Jiangsu Yangnong: net profit down by 15.2% YoY to USD32.1 million in H1 2016

Jiangsu Yangnong Chemical Group Co., Ltd. (Jiangsu Yangnong) released its H1 2016 financial figures:

²  Revenue: USD240.7 million, down by 11.5% YoY

²  Net profit: USD32.1 million, down by 15.2% YoY

 

Jiangsu Yangnong: net profit in H1 2015 grows by 1.3% YoY

On 25 Aug., 2015, Jiangsu Yangnong Chemical Co., Ltd. (Jiangsu Yangnong) published its semi-annual report in H1 2015, according to which the company got a revenue of USD294.6 million and a net profit of USD41.0 million, which grew by 12.0% and 1.3% year on year respectively.

 

Sinochem Group taking over 0.06% Yangnong shares’ immunity has received China Securities Regulatory Commission’s approval

Yangnong Chemical (600486.SH) announced in 25, May, Sinochem Group taking over 0.06% Yangnong shares’ immunity has received China Securities Regulatory Commission’s approval. After holding a 100,000 shares in Jin Mao Group Co., Ltd., Sinochem Group becomes Yangnong Chemical’s new actual controller, because Sinochem holds 40.59% stake in Yangnong Chemical.


Dicofol went out of production in our country , the road of phasing out highly toxic pesticide is again another step forward

It is reported that Jiangsu Yangnong Chemical Group dicofol production line closed in April 17, which means that dicofol went out of production in our country. Shutting down means that it is a big step to phase out highly toxic pesticide.


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