On 29 January 2019, Nanjing Redsun Co., Ltd. (Nanjing Redsun) announced that the acquisition of Ruralco Soluciones S.A. (Ruralco) which started in 2018 had been finished recently. Currently, Nanjing Redsun holds 60% of shares in Ruralco.
On 10 December 2018, Nanjing Redsun Co., Ltd. (Nanjing Redsun) announced the intention to acquire 100% of shares in Chongqing Zonbon Pesticides and Chemicals (Group) Co., Ltd.s (Zonbon) from Redsun Group at USD172.7 million. This is an affiliated transaction because Nanjing Redsun and Zonbon are both share-held by Redsun Group.
On 30 Jan., 2018, Nanjing Red Sun Co., Ltd. (Nanjing Red Sun) announced its decision to purchase a 60% share in Australian-owned agricultural company Ruralco.
Nanjing Redsun Co., Ltd. (Nanjing Redsun) published its 2016 performance report, according to which the company’s revenue in the whole year would be USD664.4 million, increasing slightly, by 0.04% year on year. Its operation profit and net profit were USD31.7 million and USD22.8 million, increasing by 0.62% and decreasing 14.1% year on year respectively.
In Aug. 2016, Nanjing Redsun Co., Ltd. (Nanjing Redsun) released its semi-annual report of 2016. During the reported period, Nanjing Redsun’s sales revenue was USD328.0 million, down 34.4% YoY; the net profit attributable to shareholders was USD8.6 million, down 67.4% YoY.
On 7 July, 2016, the Chairman of the Board of Directors of Nanjing Redsun Group Co., Ltd. (Nanjing Redsun), Yang Shouhai, hosted a board meeting in the Redsun (Anhui) Life and Material Sciences Industrial Park, on which the development plan of Nanjing Redsun in 2016 and the next five years was specially discussed.
On 17 June, 2016, Nanjing Redsun Co., Ltd. (Nanjing Redsun) published a notice saying that it had finished the registration of Red Sun International Chemical Co., Ltd., its new subsidiary in Hong Kong.
Nanjing Redsun Co., Ltd. (Nanjing Redsun) released its 2014 annual report on 26 March, 2015. In the past year, the company reaped USD1.107.5 million as revenue, down 5.9% year on year. On the contrary, its net profit was USD69.4 million, a 14.8% increase against the previous year.
Nanjing Redsun Co., Ltd. (Nanjing Redsun) issued a notice of 2014 annual results announcement on 17 Jan., 2015. The company forecasted its net profit in 2014 to be USD66.96 million to USD79.21 million, with a YoY increase of 10% --30%.
Recently, Nanjing Redsun Co., Ltd. (Redsun) has launched the sterilant herbicide namely Fanchu (Active ingredient: 20% diquat cationic AS) on the Chinese market. Diquat, in common with paraquat, belongs to bipyridine herbicides and boasts advantages such as broad spectrum, rapid availability and safety.