Limin Chemical Plans to Acquire 100% Stake of Three Companies

Recently, Limin Chemical announce that Liming Chemical, Xinrong Capital and third-party agreed by Xinrong Capital plans to raise RMB 700-800Million to acquire 100% stake of Hebei Veyong Bio-Chemical Co. Ltd,Hebei Veyong Animal Pharmaceutical Co., Ltd and Inner Mongolia New Veyong Bio-Chemical Co. Ltd, which are the subsidiaries of ENN Group.

Limin Chemical

Limin Chemical company mainly engages in researching, developing, manufacturing and marketing fungicides and other pesticides. The company has one national postdoctoral centre, one provincial technical center, two production bases, and eight subsidiaries, including five wholly-owned subsidiaries Nanjing Limin Chemical Co., Ltd., Jiangsu Xinneng Plant Protection Company, Xinyi Little Bee Agricultural Development Co., Ltd., Limin Chemical (Cambodia) Co., Ltd., and Suzhou Limin Biotech Co., Ltd., one holding subsidiary Tanzania Lifeng Corporation, and two joint stock subsidiaries, including Jiangsu Xinhe Agricultural Chemical Co., Ltd. and XinyiTaihe Chemical Co., Ltd. The company specializes in producing various pesticide technical materials and preparations such as mancozeb, cymoxanil, fosetyl-aluminum, propineb, pyrimethanil, propiconazole, difenoconazole, chlorothalonil, thiacloprid, metham sodium, and etc. Our market covers more than 70 countries and regions.

Hebei Veyong Bio-Chemical

Hebei Veyong Bio-Chemical Co. Ltd, a Wholly-owned subsidiary of ENN Group, is a bio-chemical manufacturer authorized by Chinese government_ It is a modern enterprise which is engaged in R&D, manufacturing, marketing and distribution of bio-chemicals, both technical and formulation. There are l300 staffs in the company, of which 390 are technologists of different kinds. Veyong has been involved in the field of pesticides for more than 60 years and has formed three series of pesticide, fungicide and herbicide, which consists of more than 200 pesticide products, and the main products are Glufosinate-ammonium, Azoxystrobin, Pymetrozine, Fosthiazate, Clothianidin, Dinotefuron, Abamectin, Emamectin Benzoate, Imidacprid and Diflubenzuron.

Hebei Veyong Animal Pharmaceutical Co., Ltd, as the member enterprise of ENN Ecological Holdings Co., Ltd (A stock: 600803), was established in 2002 and located in Economic and Technological Development Zone in Shijiazhuang. It is a large veterinary enterprise with GMP certificate in China with research and development, production and sales of veterinary API and preparations. It is also one of the top ten veterinary API enterprises, national high-tech enterprise, executive director of China Veterinary Association, Hebei famous trademark enterprise, the vice-chairman company of Hebei Association of Animal Science and Veterinary Medicine, the vice-chairman company of Hebei Animal Health Products Association.

Veyong has 6 API production lines with the main products: Ivermectin, Abamectin, Eprinomectin, Tiamulin Fumarate, Valnemulin HCl, Oxytetracycline HCl, Closantel Sodium etc. and 10 preparation production lines, including: injection, oral solution, powder-injection, tablet, granule, powder, premix, pesticides for external use, disinfectant etc. The total preparation products with different specifications are more than 160. The company has 4 national new veterinary drugs and several invention patents.

 

 

 

 

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