Sichuan Guoguang Agrochemical (SHE:002749) completed the registration of wholly-owned subsidiary Chongqing Guoguang Shuangfeng Agricultural Materials, with a registered capital of 10 million yuan.
The unit will engage in wholesale and retail sales of pesticide, fertilizer and agricultural film sales, and technical and consulting services, according to a Monday filing with the Shenzhen bourse.
Shares of the agrochemical company closed 4% higher Monday.