Seven Chinese banks have taken stakes in nitrogen producer Lutianhua Group, Luzhou City, Sichuan Province, after the company failed to pay debt on time, according to Yicai Global. Bank of China’s Luzhou Branch will receive 23.5 million Lutianhua Group stocks, a 5.5 percent share, making it the largest shareholder. Others include Agricultural Bank of China, Bank of Chengdu, and Industrial and Commercial Bank.
Transparency Across the Fertilizer Value-Chain