On account of developing biological pesticides and biological veterinary drug products as well as a strategy layout regarding oversees business development, Sichuan Hebang Corporation Limited (Sichuan Hebang) signed Equity Transferring Agreement and Shareholder Agreement with Mr. Ziv Tirosh from S.T.K. Stockton Group Ltd. in Israel (Israel STK) on 29 June, 2015. In accordance with the Equity Transferring Agreement and Shareholder Agreement, Sichuan Hebang is planning to invest USD 90 million in Israel STK in cash to hold 51% shares of Israel STK.
On 28 May, 2015, Sichuan Hebang Corporation Limited (Sichuan Hebang) announced that it had reached an agreement with a foreign company and had signed the Agreement Framework on the Investment Activity in a Foreign Company. However, Sichuan Hebang has committed itself not to disclose the name of the foreign company.
On 14 April, 2015, Sichuan Hebang Corporation Limited (Sichuan Hebang) announced the plan to invest USD32.7 million into constructing an e-commerce platform to offer service to the agricultural industry. The platform will mainly be engaged in agricultural service, agricultural means and agricultural produce.
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