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544px; text-align: justify;'>On the evening of November 6, Yangnong Chemical Co.
, Ltd.
issued an announcement stating: Sinochem International, Yangnong Chemical Group and Syngenta Group signed the "Regarding the Share Transfer of Jiangsu Yangnong Chemical Group Co.
, Ltd.
and Jiangsu Yangnong Chemical Co.
, Ltd.
" "Framework Agreement", Sinochem International intends to acquire from Syngenta Group its 39.
88% stake in Yangnong Group, and Yangnong Group intends to sell its 36.
17% stake in the company to Syngenta Group.
The changes in the equity structure before and after the transaction are shown in the figure below.
544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box ; overflow-wrap: break-word ;'>If the transaction is successfully implemented, it will result in a change in the control of Yangnong Chemical Co.
, and the controlling shareholder will be changed from Yangnong Group to Syngenta Group.
544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box ; overflow-wrap: break-word ;'>Yangnong Chemical Co.
, Ltd.
is the most important subsidiary of Yangnong Group.
In 2019, its operating income reached 8.
7 billion yuan.
Yangnong Chemical Co.
, Ltd.
is the most important subsidiary of Yangnong Group.
In 2019, its operating income reached 8.
7 billion yuan 544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box ; overflow-wrap: break-word ;'>.
Its main business is pesticides.
R&D, production and sales of products, including pesticides, herbicides and fungicides, etc.
544px; text-align: justify; line-height: 1.
75em; box-sizing: border-box ; overflow-wrap: break-word ;'>Yangnong Group is mainly engaged in the production of chemical products and pesticides.
After the divestiture of its subsidiary, Yangnong Chemical, Yangnong Group will focus on the production of chemical products.
The main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, Hydrochloric acid and so on.
Yangnong Group is mainly engaged in the production of chemical products and pesticides.
After the divestiture of its subsidiary, Yangnong Chemical, Yangnong Group will focus on the production of chemical products.
The main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, Hydrochloric acid and so on.
Focus on the production of chemical products, the main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, hydrochloric acid, etc.
544px; text-align: justify; line-height: 1.
75em; box-sizing: border-box ; overflow-wrap: break-word ;'> This reorganization has brought great stock market benefits to Yangnong Chemical Co.
, Ltd.
The company's shares were suspended for one week from November 2 to November 6 , and trading resumed on November 9 and rose rapidly .
The stock price rose from RMB 83 at the end of last month to RMB 105 at present, an increase of 26%.
The stock price has reached its peak since its listing in 2015.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> The transaction was carried out between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Group Co.
, Ltd.
; the controlling shareholder of Sinochem International is Sinochem International Chemical Co.
, Ltd.
, the actual controller is China Sinochem Group Co.
, Ltd.
, and the upper-level shareholders of both are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the completion of this transaction, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares544px; box-sizing: border-box ; overflow-wrap: break-word ;"> of Yangnong 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Chemical544px; box-sizing: border-box ; overflow-wrap: break-word ;"> , accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
This reorganization has brought great stock market benefits to Yangnong Chemical Co.
, Ltd.
The company's shares were suspended for one week from November 2 to November 6 , and trading resumed on November 9 and rose rapidly .
The stock price rose from RMB 83 at the end of last month to RMB 105 at present, an increase of 26%.
The stock price has reached its peak since its listing in 2015.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> The transaction was conducted between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Group Co.
, Ltd.
; the controlling shareholder of Sinochem International is Sinochem International Chemical Co.
, Ltd.
, the actual controller is China Sinochem Group Co.
, Ltd.
, and the upper-level shareholders of both are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the completion of this transaction, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares544px; box-sizing: border-box ; overflow-wrap: break-word ;"> of Yangnong 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Chemical544px; box-sizing: border-box ; overflow-wrap: break-word ;"> , accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> Trading resumed on November 9 and rapidly climbed.
544px; box-sizing: border-box ; overflow-wrap: break-word ;">The transaction was carried out between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Corporation; The controlling shareholder of Sinochem International is Sinochem Corporation, and the actual controller is Sinochem Corporation.
Both upper-level shareholders are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the transaction is completed, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares of Yangnong Chemical Co.
, Ltd.
Syngenta Group will hold 112 million shares 544px; box-sizing: border-box ; overflow-wrap: break-word ;">of Yangnong Chemical Co.
544px; box-sizing: border-box ; overflow-wrap: break-word ;">, accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
, Ltd.
issued an announcement stating: Sinochem International, Yangnong Chemical Group and Syngenta Group signed the "Regarding the Share Transfer of Jiangsu Yangnong Chemical Group Co.
, Ltd.
and Jiangsu Yangnong Chemical Co.
, Ltd.
" "Framework Agreement", Sinochem International intends to acquire from Syngenta Group its 39.
88% stake in Yangnong Group, and Yangnong Group intends to sell its 36.
17% stake in the company to Syngenta Group.
The changes in the equity structure before and after the transaction are shown in the figure below.
544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box ; overflow-wrap: break-word ;'>If the transaction is successfully implemented, it will result in a change in the control of Yangnong Chemical Co.
, and the controlling shareholder will be changed from Yangnong Group to Syngenta Group.
544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box ; overflow-wrap: break-word ;'>Yangnong Chemical Co.
, Ltd.
is the most important subsidiary of Yangnong Group.
In 2019, its operating income reached 8.
7 billion yuan.
Yangnong Chemical Co.
, Ltd.
is the most important subsidiary of Yangnong Group.
In 2019, its operating income reached 8.
7 billion yuan 544px; text-align: justify; margin: 0px; padding: 0px; max-width: 100%; font-size: 16px; box-sizing: border-box ; overflow-wrap: break-word ;'>.
Its main business is pesticides.
R&D, production and sales of products, including pesticides, herbicides and fungicides, etc.
544px; text-align: justify; line-height: 1.
75em; box-sizing: border-box ; overflow-wrap: break-word ;'>Yangnong Group is mainly engaged in the production of chemical products and pesticides.
After the divestiture of its subsidiary, Yangnong Chemical, Yangnong Group will focus on the production of chemical products.
The main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, Hydrochloric acid and so on.
Yangnong Group is mainly engaged in the production of chemical products and pesticides.
After the divestiture of its subsidiary, Yangnong Chemical, Yangnong Group will focus on the production of chemical products.
The main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, Hydrochloric acid and so on.
Focus on the production of chemical products, the main products are epoxy resin, benzene-containing chemicals, hydrogen peroxide, caustic soda, hydrochloric acid, etc.
544px; text-align: justify; line-height: 1.
75em; box-sizing: border-box ; overflow-wrap: break-word ;'> This reorganization has brought great stock market benefits to Yangnong Chemical Co.
, Ltd.
The company's shares were suspended for one week from November 2 to November 6 , and trading resumed on November 9 and rose rapidly .
The stock price rose from RMB 83 at the end of last month to RMB 105 at present, an increase of 26%.
The stock price has reached its peak since its listing in 2015.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> The transaction was carried out between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Group Co.
, Ltd.
; the controlling shareholder of Sinochem International is Sinochem International Chemical Co.
, Ltd.
, the actual controller is China Sinochem Group Co.
, Ltd.
, and the upper-level shareholders of both are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the completion of this transaction, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares544px; box-sizing: border-box ; overflow-wrap: break-word ;"> of Yangnong 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Chemical544px; box-sizing: border-box ; overflow-wrap: break-word ;"> , accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
This reorganization has brought great stock market benefits to Yangnong Chemical Co.
, Ltd.
The company's shares were suspended for one week from November 2 to November 6 , and trading resumed on November 9 and rose rapidly .
The stock price rose from RMB 83 at the end of last month to RMB 105 at present, an increase of 26%.
The stock price has reached its peak since its listing in 2015.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> The transaction was conducted between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Group Co.
, Ltd.
; the controlling shareholder of Sinochem International is Sinochem International Chemical Co.
, Ltd.
, the actual controller is China Sinochem Group Co.
, Ltd.
, and the upper-level shareholders of both are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the completion of this transaction, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares544px; box-sizing: border-box ; overflow-wrap: break-word ;"> of Yangnong 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Chemical544px; box-sizing: border-box ; overflow-wrap: break-word ;"> , accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
544px; box-sizing: border-box ; overflow-wrap: break-word ;"> Trading resumed on November 9 and rapidly climbed.
544px; box-sizing: border-box ; overflow-wrap: break-word ;">The transaction was carried out between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
Specifically, the controlling shareholder of Yangnong Group is Sinochem International, and the actual controller is Sinochem Corporation; The controlling shareholder of Sinochem International is Sinochem Corporation, and the actual controller is Sinochem Corporation.
Both upper-level shareholders are the State-owned Assets Supervision and Administration Commission of the State Council.
The controlling shareholder of Syngenta Group is ChemChina Agrochemical Co.
, Ltd.
, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.
After the transaction is completed, 544px; box-sizing: border-box ; overflow-wrap: break-word ;">Syngenta Group will hold 112 million shares of Yangnong Chemical Co.
, Ltd.
Syngenta Group will hold 112 million shares 544px; box-sizing: border-box ; overflow-wrap: break-word ;">of Yangnong Chemical Co.
544px; box-sizing: border-box ; overflow-wrap: break-word ;">, accounting for 36.
17% of the total share capital, and will become the company's controlling shareholder.
