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On the evening of June 21, Sinochem International issued an announcement stating that it had confirmed with Syngenta Group and Yangnong Group that all the preconditions for delivery involved in this transaction have been met.
Sinochem International will cooperate with Syngenta Group and Yangnong Group.
Promote follow-up transaction price payment and asset delivery related matters in accordance with the relevant transaction documents
.
It is reported that Sinochem International intends to purchase 39.
Asset restructuring schedule
Asset restructuring scheduleOctober 30, 2020
October 30, 2020 Sinochem International issued an announcement stating that the company is planning a major asset restructuring of the company’s subsidiaries Yangnong Group and Yangnong Chemical: The company plans to acquire 39.
88% of the shares of Yangnong Group held by Syngenta Group, and Yangnong Group plans to Sale of all 36.
17% shares of Yangnong Chemical directly held by Syngenta Group;
February 5, 2021
February 5, 2021 Sinochem International announced that Sinochem International intends to acquire 39.
88% of Yangnong Group from Syngenta Group for 7.
597 billion yuan.
At the same time, the controlling shareholder Yangnong Group intends to sell its holdings to Syngenta Group for 10.
222 billion yuan.
Yangnong Chemical has a 36.
17% stake
.
After the completion of this transaction, Syngenta Group will no longer hold the equity of Yangnong Group, and Sinochem International will hold 79.
June 21, 2021
June 21, 2021Sinochem International issued an announcement stating that Sinochem International has confirmed with Syngenta Group and Yangnong Group that all the preconditions for delivery involved in this transaction have been met.
