Yangnong Chemical's controlling shareholder plans to change to Syngenta Group

New progress has been made in the transfer of the controlling rights of Yangnong Chemical, which will also become another new move in the process of further deepening the reform of central enterprises.

New progress has been made in the transfer of the controlling rights of Yangnong Chemical, which will also become another new move in the process of further deepening the reform of central enterprises.

On the evening of November 6 , Yangnong Chemical announced that Sinochem International intends to acquire from Syngenta Group its 39.

It is worth noting that Syngenta Group is mainly engaged in agricultural technology, chemical raw materials and other businesses, and the upper-level shareholder is the State-owned Assets Supervision and Administration Commission of the State Council.

Further deepen the reform of central enterprisesFurther deepen the reform of central enterprises

According to Yangnong Chemical's disclosure, the transaction was conducted between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.

According to Yangnong Chemical's disclosure, the transaction was conducted between different entities controlled by the State-owned Assets Supervision and Administration Commission of the State Council.

In addition, this transaction is based on the premise that the Yangnong Group transaction and the Yangnong Chemicals transaction should be mutually.

First, the Yangnong Group transaction: Syngenta Group transferred its 39.

On the evening of the same day, Sinochem International also issued a major asset restructuring announcement with related content, which disclosed that the 36.

2015 Nian 8 months, the relevant part of the country issued the "Guidelines on deepening the reform of state-owned enterprises", so gifted bigger and stronger from state-owned enterprises, resource integration and other aspects of state-owned enterprise reform objectives and initiatives, continue to push the state-owned enterprise reform strategy.

It is also in this context that two listed companies, Sinochem International and Yangnong Chemical, made big moves.

Syngenta Group is expected to control two listed companiesSyngenta Group is expected to control two listed companies

Eye of Heaven investigation showed that Syngenta Group was established in 2019 Nian 6 Yue 27 , the registered capital of 100 million yuan, the legal representative of Ning.

Eye of Heaven investigation showed that Syngenta Group was established in 2019 Nian 6 Yue 27 , the registered capital of 100 million yuan, the legal representative of Ning.

Syngenta Group directly controls 8 companies, including the A- share listed company Adama A.

The main business of Yangnong Chemical is the research and development, production and sales of pesticide products.

It is worth noting that Yangnong Chemical has obvious advantages in the pesticide industry.

On the other hand, Yangnong Chemical previously acquired the Agricultural Research Company and Sinochem Crops, which improved the level of pesticide creation and imitation research and development, enriched the varieties of pesticide production, expanded the channels and markets for pesticide formulation sales, and improved The integrated resource allocation of R&D, production and marketing improves the integrated operation capability and strengthens the company’s market competition

In the first half of 2020 , Yangnong Chemical completed a total of 5.
917 billion yuan in operating income , a year-on-year increase of 12.
45% .
Affected by the decline in product prices, it achieved a net profit of 827 million yuan in the first half of the year, a year-on-year decrease of 2.
78% .

In the first half of 2020 , Yangnong Chemical completed a total of 5.
917 billion yuan in operating income , a year-on-year increase of 12.
45% .
Affected by the decline in product prices, it achieved a net profit of 827 million yuan in the first half of the year, a year-on-year decrease of 2.
78% .

Yangnong Chemical said that after the completion of this transaction, Syngenta Group will hold 112 million shares of the company , accounting for 36.
17% of the total share capital , and will become the company's controlling shareholder.
Syngenta Group has made corresponding commitments on matters such as maintaining the independence of the company's production and operation, avoiding competition in the industry, and regulating related party transactions after this transaction.

Yangnong Chemical said that after the completion of this transaction, Syngenta Group will hold 112 million shares of the company , accounting for 36.
17% of the total share capital , and will become the company's controlling shareholder.
Syngenta Group has made corresponding commitments on matters such as maintaining the independence of the company's production and operation, avoiding competition in the industry, and regulating related party transactions after this transaction.