Shaoxing BSM Chemical Co., Ltd. announced that it expects to receive CNY 550 million in funding from Beijing Taidesheng Investment Co., Ltd., Nuode Fund Management Co., Ltd.

BSM CHEMICAL CO., LTD. is a China-based company mainly engaged in the research, development, production and sales of environmentally-friendly pesticide pharmaceutical intermediates, pesticide raw materials and pesticide preparations. The Company's main products are the original drug, intermediate and preparation of pendimethalin. The Company conducts its businesses within the domestic market and to overseas markets.