Lianhua Technology acquires British agrochemical pharmaceutical intermediate company

2019-11-12

Lianhua Technology announced on February 23 that the company intends to acquire a 100% stake in a UK-based company through a wholly-owned subsidiary established in the UK. The purchase payment is expected to be 103 million pounds.

The announcement stated that Project Quartz Bidco Limited, a subsidiary of the company set up in the UK, acquired 100% of the equity of Project Bond Holdco Limited.

Project Bond Holdco Limited's main asset is its subsidiary Fine Industries limited. The subsidiary's production base is located in Hillsunds, Middlesbrough, United Kingdom. Production and extensive solutions have been audited by the FDA.