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Agria Information Update

Date:2020/8/26

For Agria Shareholders Information Only

 

IMPORTANT NOTICE: Agria filed Form 15 deregistration statement on March 19, 2019.  As a result of this filing and as from June 18, 2019, Agria’s reporting obligations with the SEC, including its obligations to the file annual reports on Form 20-F and reports on Form 6-K, have been suspended immediately.  This announcement is for the general information of the shareholders only and the Company takes no obligation to update or correct any statements.  The Company does not give or make any warranty or representation of any kind, whether express or implied, including, without limitation, any representation or warranty about the accuracy, reliability, quality, currency, timeliness, availability, correctness or completeness of such information. The Company does not assume and disclaim any and all responsibility, legal or otherwise for your investment decision.  If you are in any doubt about this announcement, you should consult your independent adviser.

 

HONG KONG, August 26, 2020 - Agria Corporation (“Agria” or “the Company”), today make the following announcement:

 

Equity Accounting of PGW

 

As was announced in Agria Information Update on November 26, 2019, PGG Wrightson Limited (NZSE: PGW, “PGW”) has ceased to be a subsidiary of the Company, holding through its intermediate subsidiary an interest of approximately 44.33% in PGW, as a result of the Company’s divestment agreement with Ngai Tahu and sale of a certain parcel of shares in PGW to a third party.

 

As a result, the Company will no longer consolidate the financial results of PGW and will instead account for its investment in PGW by way of equity accounting method.

 

Future Development

 

Shareholders are encouraged to monitor the Company’s principal investment in PGW through its public announcement on NZ stock exchange.

 

 

 

About Agria Corporation

 

For more information about Agria Corporation, please visit www.agriacorp.com.

 

Contact:

 

Email: contact@agriacorp.com 


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