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Sinochem Group to Inject Major Agricultural Assets into Syngenta Group

Date:2020-01-05 Source:Sinochem Group

Sinochem Group Co., Ltd. intends to inject the main assets of its subordinated agricultural sector into Syngenta Group Co., Ltd. (whose current name is China Chemical (Shanghai) Agricultural Technology Corporation Ltd.), a subsidiary of China National Chemical Corporation Ltd. (“ChemChina”). This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. This is also an important measure for Sinochem Group and ChemChina to further strengthen cooperation.