Zheng Xu acquired a 18.04% stake in Jiangsu Lanfeng Bio-chemical Co.,Ltd from Jiangsu Suhua Group Co., Ltd. and Suzhou Gelin Investment Management Co., Ltd. for approximately CNY 300 million.
July 10, 2023
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Zheng Xu sined a Share Transfer Agreement to acquire a 18.04% stake in Jiangsu Lanfeng Bio-chemical Co.,Ltd (SZSE:002513) from Jiangsu Suhua Group Co., Ltd. and Suzhou Gelin Investment Management Co., Ltd. for approximately CNY 300 million on June 16, 2023. As part f the transaction, Jiangsu Suhua Group Co., Ltd. and Suzhou Gelin Investment Management Co., Ltd. transferring 34,334,137 and 33,123,295 shares, respectively, total of 18.04% stake, to Zheng Xu at CNY 4.41 per share.
Zheng Xu completed the acquisition of a 18.04% stake in Jiangsu Lanfeng Bio-chemical Co.,Ltd (SZSE:002513) from Jiangsu Suhua Group Co., Ltd. and Suzhou Gelin Investment Management Co., Ltd. on July 10, 2023.
Jiangsu Lanfeng Bio-chemical Co.,Ltd. is a China-based company mainly engaged in the manufacture of fungicides, herbicides, insecticides and the fine chemical intermediate products. The Companyâs products consist of fungicides, such as carbendazim suspending agents, carbendazim wettable powders, thiophanate-methyl wettable powders and others; herbicides, such as sugarcane herbicides; insecticides, such as chloronicotinyl insecticides, pyrethriods pesticides, acaricide and others, and fine chemical intermediate products, such as ethyl chloroformate and methylclhlorofonmate. The Company also provides raw materials, such as thiophanate-methyl raw materials, carbendazim raw materials and benomyl, as well as processing products, sulfuric acids and other products. The Company is also engaged in the research, development, production and distribution of pharmaceuticals. The Company distributes its products within domestic market and to overseas markets.
Zheng Xu acquired a 18.04% stake in Jiangsu Lanfeng Bio-chemical Co.,Ltd from Jiangsu Suhua Group Co., Ltd. and Suzhou Gelin Investment Management Co., Ltd. for approximately CNY 300 million.
JIANGSU LANFENG BIO-CHEMICAL CO.,LTD 
