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On 22 August 2018, Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan) announced that its first largest shareholder Sinochem International Co., Ltd. (Sinochem) intended to collect a transferee from the public to transfer its 86,684,127 shares (= 29.19% of the total) based on agreement.
On 30 Jan., 2018, Nantong Jiangshan Agrochemical & Chemicals Co., Ltd. (Nantong Jiangshan) announced that its largest shareholder Sinochem International Corporation (Sinochem International) was planning to let out of its stake of 29.19% and was seeking potential transferees. As of 28 Jan., Sinochem International held altogether 86.7 million shares in Nantong Jiangshan.
In light of the 2015 annual report of Sinochem International Corporation (Sinochem International), during the report period, the company’s revenue and net profit attributable to shareholders were USD6.8 billion and USD74.3 million, which dropped by 2.7% and 57.7% year on year respectively. Its revenue from pesticides slipped by 12.2% year on year to USD408.8 million.
On 15 Sept., 2014, SinoChem Agro Co., Ltd. (SinoChem Agro), jointly with the Committee of Safe and Scientific Use of Pesticides, China Crop Protection Industry Association (CCPIA) successfully held a meeting for its seed coating, SeedEraTM to be launched on global market, in Changsha City, Hunan Province.