Zhitong Financial APP News, American Bond (605033.SH) announced that on July 4, 2023, the company's wholly-owned subsidiary Shaanxi Nuozheng Biotechnology Co., Ltd. ("Nuozheng Biology") won the state-owned land use right of plot No. 2022-14 with RMB 35.88 million, and signed a "listing transaction confirmation" with Pucheng County Natural Resources Bureau. Recently, Nuozheng Biological and Pucheng County Natural Resources Bureau signed the contract number Putu out (2023) 8 of the "State-owned construction land use right transfer contract."
The purchase of land use rights is used for the construction project of the production line of pesticide raw drugs and intermediates with an annual output of 20000 tons, which is in line with the national policy and the company's own development needs, promotes the integrated development of the company's crude drugs and preparations, and helps the company to cope with the fierce market competition. enhance market share and sustainable development ability.