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On January 13, the celebration ceremony of the non-public introduction of strategic investor Shaanxi Coal Group by China Chemical Donghua Company was successfully held
in Hefei, Anhui Province.
Wen Gang, General Manager and Deputy Secretary of the Party Committee of China Chemical, Yang Zhaoqian, Secretary of the Party Committee and Chairman of Shaanxi Coal Group, and Gao Chao, President of Gao Chemical Co.
, Ltd.
, attended the ceremony and witnessed the signing
of the strategic cooperation agreement between Donghua Company and Shaanxi Coal Group.
China Chemical Donghua Company introduced Shaanxi Coal Group as a long-term strategic investor through a non-public offering, and the two parties formed a strategic cooperative relationship
linked by equity.
This private offering is the first fixed price increase in the A-share market in the national construction industry, and it is an important measure
for listed companies to effectively deepen cooperation between the central and local governments, implement the national "dual carbon" strategy, and practice the concept of green development.
Donghua Company said: in accordance with the strategic deployment of China Chemical, with the strong support of Shaanxi Coal Group and Gao Chemical, it will continue to practice the "two mountains" development concept, focus on the national "dual carbon" strategic opportunities, around the "stuck neck" technology and achievement incubation, focus on degradable plastics, source, grid, load and storage integration, dimethyl carbonate and other businesses, seize the opportunity of green chemical industry and industrial investment and development, accelerate the construction of a new development pattern with all parties, and fully promote the implementation of cooperation projects
.
Major cooperation projects
On January 9, Donghua Technology and Yulin Chemical signed the "Consortium Agreement", forming a consortium with the intention to participate in the bankruptcy reorganization
of Cornell, Inner Mongolia.
Yulin Chemical is a wholly-owned subsidiary of Shaanxi Coal and Chemical Group Co.
, Ltd.
("Shaanxi Coal Group"), which clearly puts forward the "industrialization" development strategy in the "14th Five-Year Plan" and actively deploys the high-end chemical new material business
.
On August 20, 2022, Donghua Technology issued an announcement
on increasing its investment in Yulin Chemical Yudong Technology Co.
, Ltd.
, a shareholding company of Shaanxi Coal Group.
Yudong Science and Technology plans to cooperate with Yulin Chemical to invest in the construction of "Shaanxi Coal Group Yulin Chemical Yumen New Energy Degradable Materials Carbon Neutral Industrial Park Project"
.
In July 2021, Donghua Engineering Technology Co.
, Ltd.
plans to invest 50 million yuan to jointly invest and establish "Yulin Chemical Yudong Technology Co.
, Ltd.
" with Shaanxi Coal Group Yulin Chemical Co.
, Ltd.
Investment, construction and operation of the "Coal Fractional Utilization New Material Demonstration Project 500,000 Tons/Year DMC Phase I Project"
.
