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On December 10, Sinochem News, Fubon issued an announcement stating that the company intends to acquire a 70% stake in Xiangyu Biotechnology (Yueyang) Co.
Fubon stated that the transaction will help the two parties to give full play to the synergies in technology research and development, product innovation, customer resources, sales channels, etc.
The announcement shows that Xiangyu Bio is a private technology enterprise specializing in the development and production of colorants, organic fertilizers and microbial fertilizers.