China Resources Shuanghe announced that it intends to acquire 23.50% of the shares of Lier Chemical held by Jiuyuan Group and Chemical Technology in cash, with a total transfer price of 5.656 billion yuan. After the transaction is completed, the controlling shareholder of Lier Chemical will be changed to China Resources Shuanghe, and the actual controller will be changed to China Resources. The transaction is expected to constitute a major asset restructuring. Lier Chemical is mainly engaged in R&D, production and sales of pesticide raw materials and pharmaceutical products, and has simultaneously built a synthetic biological manufacturing industry platform. It is the largest domestic manufacturer of chloropyridine pesticide raw materials and preparations, and is also a large-scale domestic manufacturer of ammonium glyphosate and glyphosate raw materials. Through this transaction, China Resources Shuanghe can quickly industrialize synthetic biotechnology products.

China Resources Shuanghe announced that it intends to acquire 23.50% of the shares of Lier Chemical held by Jiuyuan Group and Chemical Technology in cash, with a total transfer price of 5.656 billion yuan. After the transaction is completed, the controlling shareholder of Lier Chemical will be changed to China Resources Shuanghe, and the actual controller will be changed to China Resources. The transaction is expected to constitute a major asset restructuring. Lier Chemical is mainly engaged in R&D, production and sales of pesticide raw materials and pharmaceutical products, and has simultaneously built a synthetic biological manufacturing industry platform. It is the largest domestic manufacturer of chloropyridine pesticide raw materials and preparations, and is also a large-scale domestic manufacturer of ammonium glyphosate and glyphosate raw materials. Through this transaction, China Resources Shuanghe can quickly industrialize synthetic biotechnology products.