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    Home > Chemicals Industry > China Chemical > Accelerating the layout of overseas markets Jiangsu Shentong plans to acquire the controlling stake of Dewei shares

    Accelerating the layout of overseas markets Jiangsu Shentong plans to acquire the controlling stake of Dewei shares

    • Last Update: 2022-05-02
    • Source: Internet
    • Author: User
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    [ Star Enterprise of Chemical Machinery Equipment Network ]] On February 14, Jiangsu Shentong issued an announcement that the company and Dewei Valve Foundry (Suzhou) Co.
    , Ltd.
    (hereinafter referred to as "Dewei Shares") signed a framework agreement on the acquisition of controlling interests, and it is planned to pass Acquired the controlling stake of Dewei Shares through a combination of transfer of shares and capital increase
    .

     
    Chemical Machinery Equipment Net Star Enterprise Chemical Machinery Equipment
    Dewei Co.
    , Ltd.
    is one of the well-known enterprises in the domestic valve industry.
    It has been deeply engaged in overseas markets for a long time.
    It is a qualified supplier of many large international oil and gas companies.
    It has strong market channel advantages and product advantages in the field of petroleum and petrochemicals
    .

     

    Based on this controlling acquisition transaction, all parties will form in-depth strategic cooperation, give full play to their complementary advantages in products, technologies, market channels, supply chains and financing channels, etc.
    , and achieve coordinated development, so as to jointly promote the competitive products of both parties in China and abroad.
    The promotion and application of the global market, enrich the product line, expand the market share in various market segments, further enhance the business performance of both parties, and achieve mutual benefits and win-win results
    .

     

    Jiangsu Shentong stated in the announcement that after the completion of this transaction, the company will become the controlling shareholder of Dewei shares, which will help the company to further develop market channels, enrich product lines, and accelerate the company's layout and expansion in overseas markets and petroleum and petrochemical fields
    .

     

      According to the data, Jiangsu Shentong is mainly engaged in the blast furnace gas full dry dust removal system, converter gas dust removal and recovery system, coke oven flue gas dust removal system, and special valves and flanges for gas pipe network systems used in the metallurgical field.
    Butterfly valves and ball valves, nuclear-grade flanges and forgings, non-nuclear-grade butterfly valves and ball valves and their ancillary equipment, special equipment and valves used in spent fuel reprocessing, and valves used in coal chemical industry, ultra (ultra)critical thermal power, and LNG ultra-low temperature , Research and development, production and sales of special valves and flanges and forgings for petroleum and petrochemicals
    .
    At the same time, through its subsidiary Jiangsu Ruifan Energy Conservation Technology Service Co.
    , Ltd.
    , it has carried out general contracting of blast furnace and converter dry dust removal systems and investment in contract energy management projects
    .

     

      On January 28, Jiangsu Shentong released its 2021 annual performance forecast, which is expected to increase in the same direction
    .
    During the reporting period, the net profit attributable to shareholders of the listed company was 250.
    5989 million yuan to 293.
    8056 million yuan, an increase of 16% to 36% over the same period of the previous year; basic earnings per share were 0.
    49 yuan per share to 0.
    55 yuan per share
    .

     

      Original title: Accelerating the layout of overseas markets, Jiangsu Shentong plans to acquire the controlling stake of Dewei shares
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