According to information from Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion), the company officially launched its two-dimension code production on 20 Dec., 2017.
At the end of September 2017, Shenzhen Tiantianquan Interconnection Ecological Co., Ltd. (Tiantianquan, subsidiary of Shenzhen Noposion Agrochemical Co., Ltd.) held the 2017 annual work conference, dealers with participation shares from all over the country gathering together to exchange experience and plan 2018 annual development. At this conference, Noposion and 10 premium regional dealers signed holding agreement.
On 14 Sept., 2017, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) published a notice about its increased investment in its wholly-owned subsidiary, Shenzhen Tiantianquan Internet Ecology Co., Ltd. (Tiantianquan) Accordingly, Noposion plans to input USD46.2 million into Tiantianquan, after which the registered capital of the latter will be USD123.1 million and the former will own the 100% shares of the latter.
On 22 July, 2017, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) announced its plan to offer a private placement of ≤183 million A shares at the Shenzhen Stock Exchange to no more than 10 qualified investors. For this, the company aims to raise funding of ≤USD207.5 million for its headquarters-regional integrated agricultural service platform, production expansion in its subsidiary Shaanxi Biaozheng Crop Science Co., Ltd. (Shaanxi Biaozheng), and R&D centre upgrading project.
On 12 July, 2017, the signing ceremony of Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) holding Sichuan Leshan Sibeier Agricultural Materials Co., Ltd. (Leshan Sibeier) was held in Leshan, Sichuan province. The relevant responsible person of Shenzhen Tiantianquan Agricultural Service Co., Ltd. (Tiantianquan) and Liao rongbin, the general manager of Leshan Sibeier attended the ceremony. Shenzhen Tiantianquan Agricultural Service Co., Ltd. is the e-commerce platform operation subsidiary for Noposion.
Since 2017, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) and its subsidiary Shenzhen Tian Tian Quan Agricultural Service Co., Ltd. have consecutively taken control of five premium agrochemical distributors, covering crop circles such as rice and potato in Ningxia Autonomous Region, Shandong Province, Hainan Province and other places.
On 23 Dec., 2016, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion, the largest pesticide formulation enterprise in the domestic market) reached a formal strategic cooperation deal with Hainan Nuozenong Agricultural Development Co., Ltd. (Nuozenong, a distributor of agricultural means of production). The former will buy shares of the latter. The signing ceremony was attended by around well-known enterprises at home and abroad including Hainan Agricultural Means of Production Group Co., Ltd. and DuPont.
In Q1-3 2016, Shenzhen Noposion Agrochemical Co., Ltd. (Noposion) realised a revenue of USD271.4 million, up by 5.9% YoY, and a net profit of losing USD31.5 million, largely down by 208.4% YoY.
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