August 2 -- Shandong Huayang Technology (600532) plans to sell its fine chemical assets to Mr. Chen Yong, the legal representative of Beijing Xintai Hengye Bio-Technology, for 24 million yuan, in order to concentrate on the production of agricultural chemicals, reports yicai.com, citing a company filing.

Huayang Technology’s fine chemical assets include fixed assets, construction in progress and land worth 20.22 million yuan. The assets were used to produce high-purity chloracetic acid.