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Yangnong

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2019

    Shanghai Stock Exchange questions Yangnong Chemical’s proposed related-party transaction

    Investigation

    The Shanghai Stock Exchange issued an inquiry to Yangnong Chemical about its proposed related-party transaction, asking about the necessity of the acquisition, the fairness of the asset valuation, asset quality, and the reasonableness of projected earnings.

    Source excerpt

    • 扬农化工（600486）收上交所《关于对江苏扬农化工股份有限公司与控股股东关联交易事项的问询函》，上交所对本次交易的必要性、标的资产作价的公允性、资产质量及盈利预计的合理性表示了关注。
    • 2019年10月29日，公司披露拟以12，835万元向控股股东江苏扬农化工集团有限公司及其子公司购买苯醚甲环唑、丙环唑、氟啶脲和高效氟吡甲禾灵等四个农药产品相关的全部技术类无形资产所有权（以下简称标的资产）。
    Source

  2. 2011

    Subsidiary Halted over Excessive Waste Gas; ‘Most Awesome Clarification Announcement’ and Hazardous-Waste Burial Report

    In 2011, Yangnong Chemical’s subsidiary Youshi Chemical was ordered to suspend production for rectification after excessive waste gas emissions; the company issued a clarification announcement saying it had local government support, which was mocked as the “most awesome clarification announcement.” In 2015, it was again the subject of a real-name report alleging hazardous waste was buried underground; a Jingjiang investigation said the leakage was controllable. Production was suspended for rectification.

    Source