Jiangxi Heyi Chemical announced on Jan. 10 that it would pay in cash to buy a 49% stake of Changlong Chemicals held by Shenzhen Rongxin Southern Investment Co.,Ltd., according to the China Crop Protection Industry Association.
Changlong Chemical’s net assets valuation reached 372 million yuan as of By Dec. 31, 2016, Dec. 31, 2016.
Jiangxi Heyi Chemicals Co., Ltd. is a high-tech fine chemical enterprise engaged in the R&D, production, market development and sales of disinfectants, pesticides and pesticide intermediates as well as pesticide chemical technology service. Located in Jishan Chemical Industry Park, Pengze County, Jiangxi, production base can synthesize 8,000 tons of original drugs and 10,000 tons of preparations per year. It is approved by National Development and Reform Commission as a designated pesticide manufacturer for its safety, environmental protection and firefighting all passed acceptance by relative state authorities.
Jiangxi Heyi Chemicals invested RMB 30 million in the construction of waste water treatment station and accident emergency collection tank and our production base is installed energy-saving boiler steam supply system, refrigeration station, water purification station, recycled water cooling system, substation, general depot, drying room, liquid storage tank area, head tank, solid waste yard and other supporting utility facilities to create output value of RMB 1 billion. On December 16, 2015, Jiangxi Heyi was listed in the National Equities Exchange and Quotations.