Jining Tianli Agricultural Production Materials Co., Ltd. entered into an agreement to acquire 60% stake in Shandong Yuntianhua International Fertilizer Co., Ltd. from Yunnan Yuntianhua Co., Ltd. for CNY 30.4 million.
December 27, 2018
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Jining Tianli Agricultural Production Materials Co., Ltd. entered into an agreement to acquire 60% stake in Shandong Yuntianhua International Fertilizer Co., Ltd. from Yunnan Yuntianhua Co., Ltd. (SHSE:600096) for CNY 30.4 million on December 28, 2018. Jining Tianli Agricultural Production Materials Co., Ltd. won an auction on Yunnan Exchange to acquire the stake. Out of total consideration, 30% will be paid within five days from agreement date and remaining no later than 40 days from agreement date and will be subject to interest on the deferred payment.
YUNNANYUNTIANHUACO.,LTD is a China-based company principally engaged in manufacture and distribution of chemical fertilizers and chemical materials and products. The Company operates its businesses through Chemical Fertilizer segment, Phosphate Mining and Dressing segment, Engineering Material segment and Commerce Trading and Logistic segment. Chemical Fertilizer segment produces various chemical fertilizer products, including monoammonium phosphate, diammonium phosphate, urea and composite fertilizer, among others. Phosphate Mining and Dressing segment operates through the mining and dressing of phosphate, as well as the distribution of phosphate products. Engineering Material segment mainly provides polyformaldehyde and lithium battery separators. Commerce Trading and Logistic segment mainly involves in the trading and logistics services of chemical fertilizer, fertilizer raw materials and produce.
Jining Tianli Agricultural Production Materials Co., Ltd. entered into an agreement to acquire 60% stake in Shandong Yuntianhua International Fertilizer Co., Ltd. from Yunnan Yuntianhua Co., Ltd. for CNY 30.4 million.
YUNNAN YUNTIANHUA CO., LTD. 
