Caixin
Company Index
Syngenta
Syngenta
NEWS
company-info
Industry downturn means debt-laden ChemChina, which acquired the Swiss firm for $43 billion seven years ago, is unlikely to see the cash windfall it was hoping for
Jun.20 2024 20:16 PM
company-info
Former Chairman Ren Jianxin and ex-President Yang Xingqiang were involved in the controversial acquisition of the Swiss agrochemical giant in 2017
May.13 2024 19:41 PM
company-info
  • Syngenta Group, a leading global agrochemical company, has paused its planned IPO on China's A-share market after withdrawing a 65 billion yuan application in March 2024. This follows a previous withdrawal from the STAR Market in May 2023. The withdrawals were attributed to the large fundraising scale challenging for the A-share market to absorb and a downturn in the agrochemical industry affecting Syngenta's performance.
  • From 2020 to 2022, Syngenta Group reported increasing revenues but faced a significant profit drop by 86.9% in the first nine months of 2023 compared to the same period in 2022. Financial challenges included high initial financial leverage and interest expenses from debts incurred during aggressive acquisitions, including the $49 billion purchase of Swiss Syngenta by ChemChina.
  • Despite setbacks, Syngenta remains committed to eventually relisting, focusing on enhancing its R&D capabilities within China to meet local agricultural transformation needs. The group aims to leverage its global network to promote Chinese agricultural innovation globally while facing stringent regulatory environments and market cultivation challenges for genetically modified (GM) crops in China.
Apr.27 2024 13:24 PM
company-info
Uncertainty still surrounds $9 billion flotation as weak market conditions cause delays
Feb.2 2024 06:47 AM
company-info
Long-pending share sale by unit of China’s state-owned Sinochem would be the world’s biggest potential offering this year
Jun.17 2023 03:31 AM
company-info
Year’s biggest share sale starts clicking along after the ChemChina unit abandoned its STAR Market plan
Jun.3 2023 03:54 AM
company-info
Swiss agricultural chemicals unit of state-owned ChemChina drops plan to sell shares on the Nasdaq-like STAR Market
May.19 2023 05:25 AM
company-info
Shanghai bourse calls off this week’s scheduled hearing a day in advance likely over concerns about the size of the ChemChina offering, Caixin learned
Mar.29 2023 05:07 AM
company-info
ChemChina’s giant seed and agrichemical unit aims to raise $10 billion in STAR Market share sale
Mar.23 2023 03:47 AM
company-info
The ChemChina-owned group’s sales jumped 23% to $28.2 billion thanks to rising demand
Apr.1 2022 20:23 PM
company-info
Proceedings for what could be the world’s largest listing this year were suspended last month pending updated earnings information
Oct.13 2021 16:10 PM
company-info
Company has furnished the Shanghai exchange with the requested documentation, and an update on its listing timeline is set to be given this week, a source says
Oct.12 2021 17:03 PM
company-info
ChemChina-owned company’s earnings rose to $2.7 billion in the first half of the year, while sales grew 24%
Aug.26 2021 18:34 PM
company-info
Swiss-based unit of state-owned ChemChina may also raise cash in a secondary share sale in Europe or the U.S. and plans to plow the money into the business
Jul.3 2021 05:47 AM
company-info
China launches crude oil options open to foreign investors. The country’s ambassador to the U.S. will leave Washington
Jun.23 2021 09:20 AM
company-info
Ganfeng Lithium raises $631 million in Hong Kong; Syngenta moves toward a STAR Market share sale; world’s first 1 million kilowatt hydro generator goes into operation
Jun.23 2021 06:20 AM
company-info
Sale of shares in agriculture giant by ChemChina could value the restructured business as high as $60 billion
Jun.22 2021 07:50 AM
company-info
Subsidiary Syngenta remains the wildcard in the deal as it has signaled plans to IPO in mid-2022 in a move that could relieve debt pressures accumulated during its $43 billion 2016 acquisition
May.10 2021 19:49 PM
company-info
Long-speculated combination of state-owned enterprises will create a chemical giant after the two consolidated agricultural assets in newly formed Syngenta Group
Apr.1 2021 05:19 AM
company-info
Spreads on the state-owned ChemChina’s new offshore notes widened as much as 10 basis points on Tuesday
Sep.16 2020 12:14 PM