Sinofert Holdings is China’s largest fertiliser producer and distributor. Its shareholders are Sinochem Group, with 53 per cent, Potash Corp, with 22 per cent, and the remainder is listed in Hong Kong where its stock code i2 297.
Shares hit after market leader reveals US$1.21b sale of 20.5pc stake in Shenzhen-listed potassium fertiliser maker Qinghai Salt Lake
Sinofert, the mainland’s largest fertiliser maker and distributor, says its second-half profitability will likely improve although it saw no quick-fix to chronic industry over-capacity.
Sinofert, China's largest fertiliser producer and distributor, expects a lower potash price resulting from the disintegration of a marketing oligopoly in Eastern Europe to stimulate demand in the mainland.