Tianren Ecology Co. sells shares worth $8.5 million to IFC

April 2, 2013 |

In China, World Bank Group member, International Finance Corp., has agreed to buy shares worth of  $8.5 million in Jiangxi Tianren Ecology Co.. Tianren plans to use the money to increase its manufacturing capacity and strengthen its spray service both on land and in the air.

Tianren will thus be able to supply biopesticide for over one million hectares of forest and arable land in China, enhancing the productivity. “IFC’s expertise and funding is important for Tianren in transforming ourselves from a manufacturer to an integrated pest management solution provider,” said Liang Xiaowen, Tianren’s Chairman and President.

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