Recently, Nantong Jiangshan Pesticide Chemical Co., Ltd. issued a restructuring progress announcement stating that it plans to purchase Sichuan Leshan Fuhua Tongda Pesticide Technology Co., Ltd. by way of issuing shares and paying cash. The transaction is expected to be reorganized and listed in the composition.
About the company’s current share issuance and cash payment to purchase assets, and related-party transaction proposals related to the reorganization, and other related proposals. On April 12, the company held the eighth meeting of the eighth board of directors, which was reviewed and approved. NS. After the equity transaction is completed, Jiangshan Chemical will hold 100% equity of Fuhua Tongda. Jiangshan shares said that through this transaction, the resources of the east and west can be integrated, and the industrial layout and regional development layout can be adjusted. At the same time, before and after this transaction, the control of the listed company changed. In addition, the total assets and net assets of the assets to be purchased are expected to exceed 100% of the corresponding indicators of the listed company. According to the "Restructuring Measures", this transaction constitutes a reorganization and listing. Through this transaction, Jiangshan Co., Ltd. will have a production capacity of no less than 295,000 tons of pesticide technicals per year.
As we all know, Jiangshan Co., Ltd. and Fuhua Tongda are engaged in the production and sales of glyphosate and glufosinate-ammonium. In the glyphosate industry, the company's position is unusual. According to the official website of Fuhua Agricultural Science, Fuhua Tongda is one of the world's top 20 agrochemical companies, Sichuan's top 100 companies and China's top 500 chemical companies. Fuhua Tongda has formed a manufacturing base covering the entire industrial chain of glyphosate recycling, and has formed 120,000 tons/year glyphosate technical medicine, 100,000 KL/year glyphosate preparations, and 200,000 tons/year ion membranes. Production capacity of caustic soda and 60,000 tons/year paraformaldehyde.
Glyphosate is the most widely used herbicide in the world, accounting for about 30% of the global herbicide market share. It is reported that Jiangshan has a glyphosate production capacity of 70,000 tons/year, and Fuhua Tongda has a glyphosate production capacity of 153,000 tons/year. After the merger of the two companies, the glyphosate production capacity will reach 223,000 tons/year, becoming the domestic company with the largest glyphosate production capacity, ranking first in Asia and second in the world, and having the right to speak in the domestic and international agrochemical fields. Will greatly improve.
After the asset reorganization of Jiangshan and Fuhua Tongda, the two parties will fully rely on the Yangtze River Economic Belt to form a comprehensive interaction in the resources and industries of the upstream and downstream of the Yangtze River. They will give full play to their respective advantages to strengthen domestic business and practice international business, and greatly improve The benefits of both parties may have a greater impact on the global agrochemical industry structure, which can truly help the two companies adjust their product structure, optimize their industrial layout, and achieve higher-quality development.
Source: Mobile Public Account
