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Redsun completes restructuring plan

Chinese agrochemical company Redsun has issued shares to Nanjing No 1 Pesticide in return for ownership of the latter's wholly-owned subsidiaries, Nanjing Redsun Biochemical (including the company's pesticide assets acquired by Nanjing No 1), Anhui Guoxing Biochemical and Nanjing Redsun International Trading, Chinese media report. Nanjing No 1 now holds a majority stake in Redsun, with a share of 44.5%


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