ADAMA Ltd. (SZSE:000553) signed a non-binding memorandum of understanding to acquire key parts of crop protection business of Jiangsu Huifeng Bio Agriculture Co., Ltd. on January 10, 2019. It is envisaged that relevant assets will be transferred by Jiangsu Huifeng into a new, wholly-held subsidiary prior to closing, which will then be acquired by ADAMA. Deal is subject to completion of a due diligence review, the execution of definitive agreements, as well as the receipt of all requisite corporate and regulatory approvals.