27 March 2012 08:00 [Source: ICIS news]
The registered capital for the project is at yuan (CNY) 15m ($2.4m), according to a statement by China XLX Fertilizer to the Hong Kong Stock Exchange.
The companies will jointly invest CNY26.8m to build a 150,000 tonne/year compound fertilizer unit, the statement said.
Henan XLX Fertilizer will hold a 51% share of the project, while Sinoagric will hold a 49% stake, it added. The statement did not specify the timeline to build the plant.
($1 = CNY6.31)
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