Sichuan Guoguang Agrochemical Co., Ltd. (SZSE:002749) agreed to acquire 55% stake in Shanxi Haozhida Biotechnology Co., Ltd. from Tian Fei and Guo Lianqin for CNY 22 million on October 19, 2020. Sichuan Guoguang Agrochemical Co., Ltd. will acquire 27.5% each from Tian Fei and Guo Lianqin. The company will pay the equity transfer price in three installments by bank transfer. The deal is funded from own capital. The meeting of the fourth board of directors of Sichuan Guoguang Agrochemical Co., Ltd. passed the investment proposal on October 19, 2020.