Baiao Chemical intends to acquire 100% equity of Dalian Huiyuxin

On July 19, Baiao Chemical announced that the company intends to purchase 100% equity of Dalian Huiyuxin held by Hesheng Group in cash
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After the completion of this transaction, Dalian Huiyuxin will become a wholly-owned subsidiary of the listed company

On July 19, Baiao Chemical announced that the company intends to purchase 100% equity of Dalian Huiyuxin held by Hesheng Group in cash

The final transaction price of this transaction will be negotiated by the two parties in accordance with the valuation value of the underlying asset confirmed in the asset valuation report issued by an asset valuation institution with securities and futures-related business qualifications on March 31, 2021 as the valuation benchmark, and signed and supplemented by both parties The agreement is determined

According to the data, Baiao Chemical’s main business is the R&D, production and sales of isothiazolinone-based industrial biocide raw materials.

At present, the main products of Baiao Chemical have obtained the US EPA certification and are qualified to export to major overseas markets

It is worth noting that through this transaction, Bion Chemical will improve the industrial layout of organochlorine preparations disinfection and sterilization products, enter the disinfection and sterilization application fields of households and public facilities, and further improve the extension of the industrial chain in the field of microbial control to achieve microbiology Control industry optimization and upgrading

In this regard, BION Chemical stated that this transaction will give full play to the synergies between BION Chemical and Clearon in terms of business, finance and management.