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Agria Corporation announces withdrawal of preliminary non-binding proposal to acquire the company
Hong Kong, China
April 12, 2016
Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that its board of directors has received a notice from Mr. Guanglin Lai, executive chairman of the Company, and Brothers Capital Limited, a British Virgin Islands company wholly-owned by Mr. Lai, to withdraw the preliminary non-binding take-private proposal letter dated January 28, 2016.
About Agria Corporation
Agria (NYSE: GRO) is a global agricultural company with three principal business segments: Seed and Grain; Crop Protection, Nutrients and Merchandise; and Rural Services. The Seed and Grain segment is engaged in research and development, production and sale of a broad range of seed products and trading of seed and grain products globally. The Crop Protection, Nutrients and Merchandise segment operates an extensive chain of retail stores that supply farm input materials. The Rural Services segment provides livestock trading, wool trading, irrigation and pumping, real estate agency and other agriservices. For more information about Agria Corporation, please visit www.agriacorp.com.
More news from: Agria Corporation
Website: http://www.agriacorp.com Published: April 12, 2016 |
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