2006
- On 27 January 2006, PotashCorp, the world's largest potash producer and strategic investor of the Company, exercised 10.01% of purchase option on the first eligible day of the exercisable period, increasing its shareholding in the Company to 20%. Therefore, PotashCorp became the second largest shareholder of the Company.
- In February 2006, the Group launched a series of agrichemical service activities in the three provinces in northeast China as part of the Group's national action plan to provide "fertilizers, application techniques and services" to the farmers. These activities drew attention and wide coverage by major news media, including the CCTV, the Central People's Radio Station, Xinhua News Agency, People's Daily, Economic Daily, Guangming Daily and the Farmer's Daily. - In March 2006, the first "Sinofert Scientific Fertilization Model village" was set up in Heilongjiang Province, unfolding the plan to build such "model villages" nationwide by the Group.
- In April 2006, the Company released its 2005 Annual Report and presented international road shows in Hong Kong, Singapore and Europe.
- In April 2006, a new 300,000 tonne per annum capacity MAP line successfully went into production at Sinochem Fuling.
- In April 2006, the Group signed Memorandum of understanding for the cooperation during 2007-2009 with CANPOTEX of Canada, which secured the stable supply of potash fertilizer for the Chinese market during the next three years. - In April 2006, the Group signed a 400,000 tonne-sulphur purchase agreement for the year 2006 with Saudi Industrial Export Company (SIEC).
- In May 2006, Canadian potash marketed by the Group was designated to be "Specialty Fertilizer for Hainan Province Super Rice Program" by the Agricultural Science Institute of Hainan Province.
- In June 2006, the Group set up two new branches in northwest and southwest China to promote its marketing abilities in these regional markets.
- In June 2006, as one of 40 famous brand names in China, Sinofert participated in the launching ceremony of the national "Brand Promotion Tour" organized by the Ministry of Commerce, kicking off the year-round nationwide brand promotion activities. - In July 2006, the Group subscribed for 50,000,000 non-public offered A shares with par value of RMB2.6 each in Luxi Chemical (Shenzhen Stock Exchange code No. 000830), which accounts for 4.78% of the enlarged share capital of Luxi Chemical.
- In July 2006, the Company successfully issued HK$1.3 billion zero-coupon convertible bond.
- In July 2006, the potash contracts negotiations finally concluded, and the Company signed 2006 annual purchase contracts with international suppliers BPC, CANPOTEX, DSW, and APC, respectively.
- In August 2006, Sinofert Guangxi Branch Company was set up.
- In August 2006, the Group renewed its memorandum on 2007-2009 three-year cooperation with DSW and APC, respectively. This helps to ensure the sustainable supply of potash fertilizers to the Chinese market in the next three years.
- In September 2006, the Company announced its 2006 Interim Report.
- In November 2006, the Group subscribed for 15,000,000 non-public offered A shares of RMB7.5 each in Hualu Hengsheng (Shanghai Stock Exchange code No. 600426), which accounts for 4.54% of the enlarged share capital of Hualu Hengsheng, making the Group the second largest shareholder of Hualu Hengsheng.
- In December 2006, the Company changed its name in Chinese from “中化香港控股有限公司” to “中 化化肥控股有限公司”, and its name in English from “Sinochem Hong Kong Holdings Limited” to “Sinofert Holdings Limited”. The stock name of the Company also changed to “中化化肥” in Chinese and “SINOFERT” in English, but the stock code remains the same.
- In December 2006, the Group and the Chinese Academy of Agricultural Sciences (CAAS) jointly set up the “Sinofert-CAAS Balanced Fertilization Technological Center” and related laboratory and service stations in the aim of completing the Group’s agrichemical service system, providing better services to the farmers, and uplifting the brand value of the Group.