Zhejiang Xinan Chemical Industrial Group Co.,Ltd cancelled the acquisition of an additional 14.7% stake in Nongfeike Agricultural Science and Technology Co., Ltd. from Anyang Ximandi Fertilizer Co., Ltd.
January 06, 2019
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Zhejiang Xinan Chemical Industrial Group Co.,Ltd (SHSE:600596) agreed to acquire an additional 14.7% stake in Nongfeike Agricultural Science and Technology Co., Ltd. from Anyang Ximandi Fertilizer Co., Ltd. for CNY 9.5 million on January 6, 2018. Under the terms, Zhejiang Xinan Chemical Industrial Group Co.,Ltd will acquire shares at CNY 9.5 per share. Post-acquisition, Zhejiang Xinan Chemical Industrial Group Co.,Ltd will increase the shareholding from 46.1% to 60.8% stake in Nongfeike Agricultural Science and Technology Co., Ltd. The transaction has been approved by the Board of Directors of Zhejiang Xinan Chemical Industrial Group Co.,Ltd during the 9th directorate in the 7th meeting and does not need approval from Zhejiang Xinan Chemical Industrial Group Co.,Ltd's shareholders.
Zhejiang Xinan Chemical Industrial Group Co.,Ltd (SHSE:600596) cancelled the acquisition of an additional 14.7% stake in Nongfeike Agricultural Science and Technology Co., Ltd. from Anyang Ximandi Fertilizer Co., Ltd. on January 6, 2019.
Zhejiang XinAn Chemical Industrial Group Co Ltd is a China-based company mainly engaged in the manufacturing of chemical raw materials and chemical products. The Company operates its businesses through six segments. The Agrichemical Self-produced Products segment is principally engaged in the manufacture and sale of agrochemical self-produced products. The Agrichemical Trading Products segment is principally engaged in the manufacture and sale of agrochemical trading products. The Silicon-based Material Basic Products segment is principally engaged in the manufacture and sale of silicon-based material basic products. The Silicon-based Terminals and Specialty Silane Products segment is principally engaged in the manufacture and sale of silicon-based terminals and specialty silane products. The New Chemical Materials segment is principally engaged in the manufacture and sale of new chemical materials. The Company is also engaged in other segments.
Zhejiang Xinan Chemical Industrial Group Co.,Ltd cancelled the acquisition of an additional 14.7% stake in Nongfeike Agricultural Science and Technology Co., Ltd. from Anyang Ximandi Fertilizer Co., Ltd.
ZHEJIANG XINAN CHEMICAL INDUSTRIAL GROUP CO.,LTD 
