Meifeng to Acquire Equity in Guizhou Fertilizer

摘要

On November 27th,Sichuan Meifeng Chemical Industry Co.,Ltd.(Meifeng,SZ:000731)entered into an agreement with Guizhou Chemical Fertilizer Co.,Ltd.(Guizhou Fertilizer)in Guiyang city,Guizhou province.Under the agreement,Meifeng will increase an investment of RMB210 million in cash and license the Meifeng brand valued at RMB51 million for Guizhou Fertilizer,making Meifeng hold a 55.78% stake in Guizhou Fertilizer's enlarged capital and being the majority shareholder of Guizhou Fertilizer.