China Resources Pharmaceutical Group LtdLier Chemical will become a non-wholly-owned subsidiary, expanding China Resources Pharmaceutical's portfolio.
China Resources Double-Crane, a non-wholly-owned subsidiary of China Resources Pharmaceutical, has signed a share purchase agreement with Jiuyuan Group and Chemical Materials Technology to acquire 188 million shares of Lier Chemical for 5.656 billion yuan, representing approximately 23.50% of Lier Chemical's total share capital. Upon completion of the transaction, China Resources Double-Crane will become the largest shareholder of Lier Chemical, and Lier Chemical will be accounted for as a non-wholly-owned subsidiary of China Resources Pharmaceutical. Lier Chemical is primarily engaged in the research, development, production, and sale of highly effective, low-toxicity, low-residue, and safe active ingredients for pesticides and pesticide formulations. Prior to the acquisition, its de facto controller was the China Academy of Engineering Physics, which controlled approximately 32.20% of the equity interest in Lier Chemical through Jiuyuan Group and Chemical Materials Technology.
China Resources Pharmaceutical Group LtdLier Chemical will become a non-wholly-owned subsidiary, expanding China Resources Pharmaceutical's portfolio.
Lier Chemical Co LtdLier Chemical is being acquired; impact depends on terms and future integration, but it gains a major shareholder.
China Resources Double-Crane Pharmaceutical Co LtdChina Resources Double-Crane is acquiring a 23.5% stake in Lier Chemical, becoming its largest shareholder.
Beijing Winsunny Pharmaceutical CO.LTD