Recently, the A-shares listed company Sinochem International Corporation (中化国际(控股)股份有限公司) ("Sinochem International") and Sinochem Zhejiang Chemicals Co., Ltd. (中化浙江化工有限公司) ("Sinochem Zhejiang") jointly invested in Jiangsu Yangnong Chemical Group Co., Ltd. (江苏扬农化工集团有限公司) ("Yangnong Group") through capital increase and acquisition at a price of no more than RMB6.1billlion. After the completion of the aforesaid transaction, Sinochem International, Sinochem Group Co., Ltd., and Sinochem Zhejiang jointly hold approximately 80% of the equities of Yangnong Group.
Yangnong Group is an enterprise engaging in the manufacture of agrochemicals, chlor-alkali, and fine chemical products. Yangnong Group holds a majority position in Jiangsu Yangnong Chemicals Co., Ltd., an A-share listed company, which is the largest enterprise in the domestic bionic agrochemicals industry, as well as a manufacturing enterprise with core advantages in the esbiothrin industry worldwide.
Acting as the legal counsel of Sinchem International, Llinks provided legal services for the foregoing transaction.
