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Sanonda

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Sanonda
Company typepublic
Founded
  • 1958 (1958)
  • 1992 (1992) (as limited company)
Headquarters93 Beijing East Road,
Jingzhou
,
China
Area served
China
RevenueDecrease CN¥2.170 billion (2015)
Decrease CN¥183.3 million (2015)
Decrease CN¥141.8 million (2015)
Total assetsIncrease CN¥2.977 billion (2015)
Total equityIncrease CN¥2.097 billion (2015)
Owner
  • ChemChina (30.75%)
  • Chen Lichun (1.14%)
  • Government of Qichun County (0.70%)
Websitesanonda.cn
Footnotes / references
in a consolidated basis[1]
Hubei Sanonda Co., Ltd.
Simplified Chinese湖北沙隆达股份有限公司
Traditional Chinese湖北沙隆達股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinHúběi shālóngdá gǔfèn yǒuxiàn gōngsī
Sanonda
Simplified Chinese沙隆达
Traditional Chinese沙隆達
Transcriptions
Standard Mandarin
Hanyu Pinyinshālóngdá

Hubei Sanonda Co., Ltd. is a Chinese pesticide producer, based in Jingzhou, Hubei Province. As at 31 December 2015, state-owned enterprise ChemChina via Sanonda Group (A share) and ADAMA Agricultural Solutions (B share) owned a combined 30.75% stake.[1] It was followed by Chen Lichun (Chinese: 陈黎春, 1.14%) and the Government of Qichun County (0.70%).[1] Moreover, Norges Bank was ranked as the seventh largest shareholder for 0.44% stake.[1] A share accounted for 61.27% share capital, comparing to 38.73% for B share (domestically traded share for foreigner in mainland China).[1]

In 2016, a plan to acquire 100% stake of ADAMA Agricultural Solutions from ChemChina was announced, by issuing new shares to ChemChina and a private equity fund (Chinese: 芜湖信运汉石) that related to China Cinda. The B share held by ADAMA (which would become treasury stock) would be canceled.[2] After the deal ChemChina would owned over 70% stake.[2] As China Cinda was also owned by the State Council indirectly (via the Ministry of Finance). The total stake held by the Central Government of China was unknown.

As at 7 November 2016, Sanonda was not a constituent of SZSE 1000 Index, making the company was ranked outside the top 1,000 companies of the stock exchange by free float adjusted market capitalization.

History

The predecessor of Hubei Sanonda Co., Ltd. was found in 1958. In 1992 the company was re-incorporated as a joint-stock company with limited liabilities (Chinese: 股份有限公司), under the new Company Law of China as part of marketization (State Council allowed to issue shares since 1986). in 1993 the shares of the company started to float on Shenzhen Stock Exchange. Shashi Government (Shashi later merged to form Jingzhou) was the major shareholder for 52.35% stake. In 1996, Sanonda Group (Chinese: 沙隆达集团, now known as Sanonda Holdings) was formed as an intermediate holding company for Jingzhou Government for 44.66% stake, with the Government of Qichun County acquired a minority stake from the Government of Jingzhou in 1995.

In 2005 ChemChina became the largest shareholder by acquiring 100% share of Sanonda Group, which owned 20.57% stake of Sanonda at that time.[3]

ADAMA Agricultural Solutions acquired part of the B share (shares for foreigner which float in mainland China) of Sanonda in 2013 (about 10.6% of total share capital),[4] at that time ChemChina (via wholly owned subsidiary China National Agrochemical Corporation) owned 60% ADAMA's stake.

References

  1. ^ a b c d e "2015 Annual Report" (PDF). Sanonda. Shenzhen Stock Exchange. 18 March 2016. Retrieved 27 October 2016.
  2. ^ a b "发行股份购买资产并募集配套资金暨关联交易预案" (PDF). Sanonda (in Chinese). Shenzhen Stock Exchange. 15 October 2016. Retrieved 27 October 2016. {{cite web}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  3. ^ "2015年审计报告" (PDF). Sanonda (in Chinese). Shenzhen Stock Exchange. {{cite web}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  4. ^ "ADAMA Crosses $3Bn Sales Mark: Reports Solid Business Momentum for Q4 & FY 2013" (PDF). ADAMA Agricultural Solutions. 9 March 2014. Retrieved 31 October 2016.
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