Three Billion Investment, Kingenta Relaunched Fast Growth
On December 24, 2020, Kingenta Group, Linyi Urban Investment and Linshu Urban Investment signed the "Strategic Cooperation Framework Agreement."
On January 29, 2021, the Strategic Cooperation has been achieved a great progress. With the joint efforts of all parties, Linyi Urban Investment and Linshu Urban Investment jointly initiated and established a fund of Linyi Private Economic Equity Investment Fund with a total cash investment of three billion CNY, which is going to jointly invest in Kingenta.
This indicates that Kingenta has made substantial progress in resolving risks and relaunches its fast growth journey.
Founded in 1998, Kingenta is devoted to R&D, production and marketing of compound fertilizers, slow/controlled-release fertilizers (SCRF), water soluble fertilizers (WSF), efficient enhanced fertilizers, bio-stimulants, micro-nutrients and other value added fertilizers, with 13 production bases, over 10,000 staff and annual production capacity of 7.7 MMT.
In 2010, Kingenta was publicly listed in Shenzhen Stock Exchange (002470).