The story
The predecessor of Hubei Sanonda Co., Ltd. was founded in 1958. In 1992 the company was re-incorporated as company limited by shares (Chinese: 股份有限公司), under the new Company Law of China as part of marketization (State Council allowed corporation to issue shares since 1986). in 1993 the shares of the company started to float on Shenzhen Stock Exchange. Shashi Government (Shashi later merged to form Jingzhou) was the major shareholder for 52.35% stake. In 1996, Sanonda Group (Chinese: 沙隆达集团, now known as Sanonda Holdings, Chinese: 沙隆达控股) was formed as an intermediate holding company for Jingzhou Government for 44.66% stake, with the Government of Qichun County acquired a minority stake from the Government of Jingzhou in 1995.
In 2005 ChemChina became the largest shareholder by acquiring 100% share of Sanonda Group, which owned 20.57% stake of Sanonda at that time.
Adama Agricultural Solutions acquired part of the B share (shares for foreigner which float in mainland China) of Sanonda in 2013 (about 10.6% of total share capital), at that time ChemChina (via wholly owned subsidiary China National Agrochemical Corporation) owned 60% Adama's stake.
From Wikipedia’s article on Sanonda, shared under CC BY-SA 4.0.4