Shanghai Albin Technology Co., Ltd., Liu Jingqing and Guan Xiaoyun completed the acquisition of 99.9% stake in Jiangsu Kinghon Biotechnology Co., Ltd. from Sichuan Guoguang Agrochemical Co., Ltd..
December 11, 2020
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Shanghai Albin Technology Co., Ltd., Liu Jingqing and Guan Xiaoyun entered into an agreement to acquire 99.9% stake in Jiangsu Kinghon Biotechnology Co., Ltd. from Sichuan Guoguang Agrochemical Co., Ltd. (SZSE:002749) for CNY 45 million on October 19, 2020. The transaction is approved by Board of Directors of Sichuan Guoguang Agrochemical Co., Ltd. Shanghai Albin Technology Co., Ltd., Liu Jingqing and Guan Xiaoyun completed the acquisition of 51% stake in Jiangsu Kinghon Biotechnology Co., Ltd. from Sichuan Guoguang Agrochemical Co., Ltd. for CNY 24 million on November 24, 2020. Post completion of the transaction, Sichuan Guoguang Agrochemical Co., Ltd. holds 49% stake in Jiangsu Kinghon Biotechnology Co., Ltd.
Shanghai Albin Technology Co., Ltd., Liu Jingqing and Guan Xiaoyun completed the acquisition of 99.9% stake in Jiangsu Kinghon Biotechnology Co., Ltd. from Sichuan Guoguang Agrochemical Co., Ltd. (SZSE:002749) on December 12, 2020.
Sichuan Guoguang Agrochemical Co., Ltd. is a China-based company mainly engaged in development, research, manufacture and sales of the agricultural chemicals preparation and water soluble fertilizer. The pesticide preparation takes plant growth regulator and fungicide as the principal product. The Company's products also include common mixed fertilizer, pesticides, herbicides and others. The Company's products are applied to agriculture, horticulture cultivation, garden maintenance, forestry protection and other fields.
Shanghai Albin Technology Co., Ltd., Liu Jingqing and Guan Xiaoyun completed the acquisition of 99.9% stake in Jiangsu Kinghon Biotechnology Co., Ltd. from Sichuan Guoguang Agrochemical Co., Ltd..
SICHUAN GUOGUANG AGROCHEMICAL CO., LTD. 
