Sinofert Holdings Limited has announced a change in shareholding involving its controlling shareholder. Syngenta Group (HK) Holdings Company Limited, the direct controlling shareholder, has agreed to transfer all of its approximately 52.65% stake in Sinofert-totaling 3,698,660,874 ordinary shares-to Sinochem Hong Kong (Group) Company Limited. This transfer, part of an intra-group restructuring, will take place for nominal consideration and will become effective upon fulfillment of specified regulatory conditions. Both Syngenta HK and Sinochem HK are indirectly wholly-owned subsidiaries of Sinochem Holdings Corporation Ltd. Further announcements regarding the transaction will be made as appropriate.
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