Nutrichem acquires further stake in Heyi Chemical 12th September 2018
Nutrichem has acquired a further 42.77% stake in Jiangxi Heyi Chemical., making their total holding a 99.9% stake in the company.
Founded in October 2005, Heyi Chemical is engaged in the research, production and sales of pesticide technical, intermediates and formulations. Its main products include ethirimol, dithianon, cyromazine, copper chloride, iprodione, dimethachlon, procymidone, sulfentrazone, 3,5-dichloroaniline, 3,4-dichlorobenzotrifluoride. Heyi Chemical went public in NEEQ in November 2015.
According to its 1H 2018 semiannual report, Heyi Chemical achieved a business income of 197 million yuan and an operating profit of 45.1411 million yuan in the first half of 2018.