Shandong Dacheng shares suspended
Shares of the Chinese agrochemical company, Shandong Dacheng Pesticide, were suspended last month. The move is pending a planned asset reorganisation of the company by its majority shareholder, the state-controlled company, ChemChina Agrochemical. The asset re-organisation plan is awaiting approval from the Chinese State Council. ChemChina Agrochemical plans to integrate its agrochemical subsidiaries, continue to make acquisitions and become an internationally competitive “industry giant” ( Agrow No 578, pp 4-5).