Wynca to acquire over 51% of Hefei Xingyu

On 11th January, China’s leading glyphosate and organosilicon manufacture Wynca announced that it is planning to invest capital of up to Yuan210 million to acquire over 51% of stakes in Hefei Xingyu Chemical Co., Ltd., therefore, taking over part of the equity of the original shareholder for contribution as a capital increase.

Hefei Xingyu is a national high-tech enterprise focusing on the research and development of high-quality agricultural chemicals, in possession of nearly 100 pesticide technical and formulation registrations, 60 patent authorizations and more than 200 trademarks. The main products of the company include herbicides, fungicides, insecticides, seed coating agents and fertilizers, being equipped with leading nationwide bentazone production lines. The company is also currently developing several creative and original products.

Wynca stated that the acquisition of equity in Hefei Xingyu will create a complementary advantage in terms of product chain and distribution channel development, which will assist the company’s development of its product varieties of agricultural chemicals. Hence, the competitive advantages of leading products, such as herbicides, will be strengthened, which will help realize the company’s goal of integrating pesticide technical and formulation development, and further enhance its crop management capacity and full-scale agricultural services, consolidating its position as an industry leader. (Agropages)

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