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Jiangshan shares: intends to acquire no less than 67% of the equity of Nantong Lianphosphine

 Last Update: 2022-12-30
 Source: Internet
 Author: User

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Jiangshan announced on the evening of December 19 that the company signed the "Agreement of Intent on the Acquisition of the Equity of Nantong Lianphosphine Chemical Co.
, Ltd.
" with Changzhou Wujin Fine, Changzhou Wujin Water Stability and Jiangyin Shuangma Chemical, and the company intends to acquire no less than 67% of the equity
of Nantong Lianphosphine Chemical Co.
, Ltd.
(hereinafter referred to as "Nantong Lianphosphine") held by the above three legal person shareholders in cash.

According to the announcement, Nantong Lianphosphine, as a monomer manufacturer of water treatment agents, will add new business segments after the acquisition of Jiangshan Co.
, Ltd.
to enhance the company's comprehensive competitiveness; The park where Nantong Lianphosphine is located is a provincial chemical park, and the company will add a new production base in the province after the acquisition; Nantong Lianphosphine has strong channel advantages in the international trade business of phosphorus-based products, and the company can make full use of its channel terminal advantages to cooperate with the distribution of the company's flame retardants, high-end phosphorus-based chemicals and other products after acquisition, which is conducive to increasing the sales scale
.

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