syngenta group co., ltd. (whose current name is china chemical (shanghai) agricultural technology corporation ltd., hereinafter referred to as “syngenta group”), a subsidiary of china national chemical corporation ltd. (“chemchina”), intends to acquire major agricultural assets from sinochem group. meanwhile, the 100% shares of syngenta a.g. and 74.02% shares of adama ltd. held by chemchina will also be transferred to syngenta group. 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.
