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Limin Chemical invests USD1.5 million to establish fully owned subsidiary

On 7 December 2017, Limin Chemical Co., Ltd. (Limin Chemical) announced to use its self owned funding of USD1.5 million to establish a fully owned subsidiary called Jiangsu Limin Detection Technology Co., Ltd. in Nanjing, Jiangsu Province. Specifically,

 

Limin Chemical officially completed the acquisition of Shuangji Chemical

On 12th June, 2017, Limin Chemical Co., Ltd. (Limin Chemical) issued a notice that the company’s holding subsidiary Hebei Shuangji Chemical Co., Ltd. (Shuangji Chemical) had completed the industry and commerce change of registration procedures of equity transfer, marking the official completion of domestic fungicide  (hereafter refers to mancozeb, maneb, metiram, zineb) industry's largest acquisition. On 6th June, Shuangji Chemical held the first shareholders meeting after the equity transfer and Limin Chemical chairman, general manager and some shareholders attended the meeting.

Limin Chemical: Statement about Online Sales Prohibition

On 6 April, 2016, Limin Chemical Co., Ltd. (Limin Chemical) released the Statement about Online Sales Prohibition, saying that the company had received several feedbacks about online sales or quotations of the so-called “Limin Chemical” products without authorisation. “Such behaviours have severely disrupted our business operation and destroyed the market order,” said Limin Chemical.

 

Limin Chemical plans to raise fund to invest in pesticide and raw material projects like azoxystrobin

On 21 March, 2016, Limin Chemical Co., Ltd. (Limin Chemical) published a notice saying that the company plans to issue 32,754,300 shares non publicly to raise USD117.2 million to be used in highly-effective pesticide projects, basic raw material project and supplement of cash flow. The projects are centralized around the main businesses and upstream raw material industry of the company, which are foundations for it to realize its future development goals.

 

Limin Chemical plans to raise USD119.1 million investment to expand production lines of six products

On 23 Oct., 2015, Limin Chemical Co., Ltd. (Limin Chemical) published a notice saying that it plans to raise USD119.1 million investment through non-public issue of stocks to build production lines for pesticides like propineb, metam-sodium, difenoconazole and azoxystrobin and basic raw materials as well as supplement cash flow to strengthen its capital competitiveness, improve profitability, perfect industry chain, consolidate and enhance its position inside the industry.

 

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