Sinochem New Net News Lianhua Technology announced on February 23 that the company intends to acquire a 100% stake in a company located in the United Kingdom through a wholly-owned subsidiary established in the United Kingdom. The payment for this acquisition is estimated to be 103 million pounds.

The announcement stated that Project Quartz Bidco Limited, a subsidiary of the company established in the United Kingdom, acquired 100% of the equity of Project Bond Holdco Limited.

The main asset of Project Bond Holdco Limited is its subsidiary Fine Industries limited. The subsidiary’s production base is located in Hill Sands, Middlesbrough, England. It is an advanced European R&D and production custom processor, mainly providing complex intermediates and active ingredients for pesticide, pharmaceutical and functional chemical customers. Production and a wide range of solutions have passed FDA audit.