St Three agricultural Investment 100 million "protection card"

St Three Farmers (000732) notice, in order to make the company's existing pesticide brand and visibility can be retained and continued, the company decided to invest 100 million yuan in two period to set up three agricultural chemical pesticide limited liability company in Fujian. The announcement shows that the proposed holding subsidiary of chemical pesticide companies registered capital of about 100 million yuan, in two steps to inject capital: the first phase, the registered investment is not less than 50 million yuan.　　The second phase, the company after the implementation of the relocation of pesticide plants, with government land compensation, subsidies as a registered capital, two capital injections, the newly established company registered capital of about 100 million yuan, the financing by the company in cash or assets in full capital.　　The chemical pesticide Company business scope for the original main product glyphosate, Triazophos, acetyl amine phosphine, hay ether, 40% chlorpyrifos EC series of pesticides, supporting chlorine, alkali chemical products (sodium hydroxide, liquid chlorine, hydrochloric acid, phosphorus trichloride, chloroform, methyl acetal, hydrogen), pharmaceutical intermediates and other fine chemical products. For the purpose of investment, St. Agriculture said, with the company's major assets reorganization work completed, the company's main business into real estate development and pesticide chemical products production and management. is a company with more than 50 years of production and marketing of pesticides, chemical enterprises, its pesticide brands in the market has a higher degree of awareness, of which "cabbage card" to obtain the provincial brand names.　　In order to make the company's existing pesticide brand and visibility to retain and continue, it is necessary to set up a fully qualified pesticide production of a wholly owned subsidiary, production and management of pesticide chemical products. The company announced the same day, the annual report showed that the company achieved total operating income of 822.3431 million yuan this year, an increase of 91.12% per cent, the net profit attributable to shareholders of listed companies is 127.4895 million yuan, up by 221.19% compared with the same period a year ago The first three quarters of the basic earnings per share of 0.1253 yuan.