Sinofert Holdings Announces Change in Controlling Shareholder
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Sinofert Holdings Limited announced a change in its controlling shareholder due to an intra-group restructuring. Syngenta Group (HK) Holdings will transfer its 52.65% stake in Sinofert to Sinochem Hong Kong, making Sinochem HK the direct controlling shareholder. A waiver was granted to Sinochem HK from making a mandatory general offer under the Takeovers Code. Sinofert Holdings is involved in the agricultural industry, focusing on fertilizers. The stock has a 'Buy' rating with a HK$1.50 price target.
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