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On 2 Sept., 2018, some person in charge of the overseas business department of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) attended the China Burkina Faso Economy, Trade and Investment Recommendation Meeting.
On 18 August 2018, a signing ceremony for the fumed silica joint venture program between Zhejiang Wynca Chemical Group Co., Ltd. (known as Zhejiang Wynca) and Germany based Evonik Industries AG (Evonik), as well as a signing ceremony for 3 investors involved in the said program, namely Zhenjiang New Area, Wynca and Evonik, was held in Hangzhou Chuanhua Building.
Currently, a subsidiary of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca), namely Wynca Sunshine (Ghana), is planning to establish a supporting online trade platform and e-commerce logistics base in the local market. The following are details of the project.
Zhejiang Wynca Chemical Group Co., Ltd. (hereinafter referred to as " Zhejiang Wynca ") recently issued a clarification announcement on untrue rumors.
Zhejiang Wynca Chemical Group Co., Ltd. intended to invest USD2.2 million to acquire shares of Hubei NJF Agricultural Means of Production Co., Ltd. (NJF) from its shareholders. After this transfer, it planned to take 4.50 million shares newly increased in the company at USD0.3/share by contributing USD1.3 million. Then Zhejiang Wynca will in total invest USD3.5 million and hold 12.50 million shares in NJF, making up a 51% stake.
Zhejiang Wynca Chemical Group Co., Ltd.( Zhejiang Wynca) announced in January 2018 that it intended to acquire 14.7% of shares of Zhejiang Nongfeike Agricultural Technology Co., Ltd. (Zhejiang Nongfeike) from Anyang Ximandi Fertilizer Co., Ltd. (Ximandi Fertilizer).
Farmers in Ghana have been relying on traditional agricultural spraying methods which needs for manual operation with great labor intensity. Wynca Sunshine (Ghana) Agric Products & Trading Co., Ltd. (Wynca Sunshine, a subsidiary of Zhejiang Wynca Chemical Group Co., Ltd.) recently promoted the UAV spraying technology in the region for the first time.
On 18th December, 2016, Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) issued a reply to the inquiry letter from Shanghai Stock Exchange. The announcement is about the share transfer issues in Zhejiang Hanghua New Material Technology Co., Ltd. (Hanghua New Material), which is the Wynca’s sharing subsidiary and it also describes about how this transaction will influence the annual profit and loss of Zhejiang Wynca in 2016.
In the first three quarters of 2016, the revenue of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) was USD737.2 million, down by 12.7% year on year. It suffered a net loss of USD1.9 million.
On 11 October, 2016, Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) made an announcement regarding the 2016 Obsolete Production Capacity Elimination List released by Zhejiang Province in September.