Shandong Weifang Rainbow Chemical Co., Ltd. cancelled the acquisition of Green Fine Chemical Co., Ltd. from Zhejiang Shenghua Biok Biology Co., Ltd..
May 12, 2016
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Shandong Weifang Rainbow Chemical Co., Ltd. agreed to acquire Green Fine Chemical (Ningxia) Co., Ltd. from Zhejiang Shenghua Biok Biology Co., Ltd. (SHSE:600226) for CNY 21.3 million on May 13, 2015. As of December 31, 2014, Green Fine Chemical's total assets are CNY 120.33 million, shareholders' equity is CNY 31.69 million, operating revenues is CNY 135.15 million and net loss is CNY 8.83 million. The transaction was approved by Board of Directors of Zhejiang Shenghua Biok Biology Co., Ltd on May 13, 2015.
Shandong Weifang Rainbow Chemical Co., Ltd. cancelled the acquisition of Green Fine Chemical (Ningxia) Co., Ltd. from Zhejiang Shenghua Biok Biology Co., Ltd. (SHSE:600226) on May 13, 2016.
Shandong Weifang Rainbow Chemical Co Ltd is a China-based company engaged in the research and development, production, and sales of active pesticide and preparation. The Company's main products include herbicides, insecticides, and fungicides. The Company's herbicides can be divided into self-produced products and trade products. The self-produced herbicides are mainly formulations, and the trade herbicides are mainly original medicines. Insecticides mainly include chlorpyrifos, imidacloprid, thiamethoxam and so on. Fungicides mainly include azoxystrobin, chlorothalonil, carbendazim, epoxiconazole, captan and so on.
SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD 
