Nanjing Red Sun/Sino-Agri Leading Science form jv

摘要

Chinese agrochemical company Nanjing Red Sun and the state-backed enterprise, Sino-Agri Leading Science, have agreed to form the joint venture, Sino-Red Sun. Chinese agrochemical company Nanjing Red Sun and the state- backed enterprise, Sino-Agri Leading Science, have agreed to form the joint venture, Sino- Red Sun. The venture aims to offer integrated services comprising R&D, production and distribution worldwide. The new venture will be formed with registered capital of Yuan 20 million ($2.9 million). Red Sun will have a 42% stake and its executive management team another 10%. Sino-Agri Leading Science will own the remaining 48%.