Nanjing Redsun Group Sells 51%Equity in Nanjing BiochemicalNanjing Redsun Group Co.,Ltd.is selling the 51% stakeheld in Nanjing Biochemical Co.,Ltd.for a consideration ofroughly RMB369 million via Nanjing Assets and EquityExchange.An insider says this is the first step of restructuring NanjingRedsun Co.,Ltd.(SZ:000525)as it posted the regroupingplan in December 2008.(CCR2008 No.36)Nanjing Biochemical’s equity split now is 51:49 betweenNanjing Redsun Group Co.,Ltd.and Nanjing No.1 Pesticide