ST Tianrun announced that the company plans to publicly sell 100% equity of Yueyang Hongrun Fertilizer Co., Ltd. This move will help the company achieve a strategic transformation from a production-oriented company to a business-oriented company and bring positive impact to the company's development. It is understood that ST Tianrun intends to bid farewell to the original single purified fertilizer production main industry, transforming it into a diversified industrial company integrating new industries, real estate development and property management, commercial trade and modern service industries. In December 2010, the company acquired the contractual rights and interests of its major shareholder, Guangzhou Jinrun Building Co., Ltd. held by Guangzhou Hengrun Huachuang Industrial Co., Ltd. in December 2010. The acquisition of property assets was considered by the analysts to be the start of the company's strategic transformation. Yueyang Hongrun Fertilizer Industry Co., Ltd. is a wholly-owned subsidiary of the company. It is mainly engaged in the production and sales of compound fertilizers and chemical products. In 2010, it achieved a sales income of 4,666.6,600 yuan and a loss of 4,934.47 million yuan. At the same time, the company also plans to dispose of the company's urea production equipment. Since the company’s urea production line was shut down from production in April 2010, production equipment was idle and sold in order to coordinate the implementation of the “Two Backwards and Thirds†city plan of Yueyang Municipal People's Government. Cut Off Machine,Slot Cutting Machine,Metal Cut Off Machine Guangda Electromechanical Co., Ltd. , http://www.tbcpower.com