JunHe Assisted Stanley Agriculture Group to Acquire m88 casino Controlling Interests of Lihe River Fertilizer

m88 casino recent acquisition by Stanley Agriculture Group Co., Ltd. (“Stanley,” Stock Code: 002588) of m88 casino controlling interests of Chengde Lihe River Fertilizer Co., Ltd. (“Lihe River Fertilizer” or m88 casino “Target Company”), by investing approximately RMB 244 million through its newly established, wholly owned subsidiary has closed. JunHe acted as Stanley’s legal advisor and provided legal services during m88 casino whole process of m88 casino acquisition.

Stanley is an integrated agricultural service provider and is engaged in m88 casino production and sale of compound fertilizer. It specializes in grain collection and storage, agricultural information consultancy, agricultural technology promotion and agricultural materials trade. It is a National Key High-Tech enterprise with total assets of approximately RMB 8 billion. It has an annual production capacity of 5.2 million tons, and m88 casino largest high tower compound fertilizer production base in China. Stanley’s six new types of fertilizers, including “synchronous slow-release fertilizer for rice production” and “high tower melt rotary granulation compound fertilizer” have been determined as “key new national products” by m88 casino Ministry of Information Technology, m88 casino Ministry of Commerce, m88 casino General Administration of Quality Supervision, and m88 casino Ministry of Environmental Protection. m88 casino “Stanley” branded compound fertilizer is one of m88 casino largest brands of national compound fertilizers and has been awarded many honors such as m88 casino “Chinese farmers’ favorable brand of agricultural materials” and an “excellent brand of m88 casino Chinese chemical industry.”

JunHe assisted Stanley to successfully list on m88 casino Shenzhen Stock Exchange in 2011 and has been m88 casino permanent legal advisor to assist Stanley in its development.

Lihe River Fertilizer (formerly Zunhua Municipal Fertilizer Factory) has many products including diammonium phosphate, granular/powdery monoammonium phosphate and industrial monoammonium phosphate and is m88 casino key producer of ammonium phosphate in China. Abundant phosphoserine resources exist where m88 casino Target Company is located, and it is close to coal producers, where it can integrate m88 casino nitrogen, phosphorus, and sulfur resources required for m88 casino production of ammonium phosphate that relies on its nonferrous metallurgy. m88 casino Target Company has formed a mature phosphorus ore - phosphate fertilizer - phosphogypsum - building materials cycle industry chain. This acquisition opens up m88 casino upstream industry chain and forms a multifaceted synergy with Stanley’s compound fertilizer business.

JunHe’s team conducted legal due diligence at m88 casino site of m88 casino Target Company, and fully demonstrated whem88 casinor any relevant legal issues would constitute substantial obstacles and designed multi-level and multi-dimensional solutions and investment risk prevention clauses in m88 casino transaction documents, assisting Stanley to finally achieve its business needs and facilitate closing.

After closing, m88 casino synergy was obvious with both sides in m88 casino cooperation satisfied. Stanley recently increased m88 casino investment of RMB 640 million to construct a green high-efficient compound fertilizer project to be implemented by m88 casino Target Company with an annual production capacity of 1 million tons. JunHe provided meticulous, professional, efficient and experienced legal services during m88 casino acquisition, which was highly appreciated and recognized by m88 casino Target Company.

This Project was led by partner m88 live casino .