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Jilin Chemical Fiber intends to purchase 31% equity of Jilin Baojing to increase the carbon fiber industry

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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On the evening of September 29, Jilin Chemical Fiber announced that after friendly negotiation between the company and Guoxing New Materials, Guoxing New Materials will hold Jilin Baojing Carbon Materials Co.
, Ltd.
("Jilin Baojing" or "target company").
) 31% of the equity was transferred to the company, and the two parties signed the "Share Transfer Agreement" on September 29, 2021.
The transaction amount was RMB 137,486,736

Jilin Baojing is mainly engaged in the research and development, production and sales of 25K ~ 50K large tow and low-cost carbon fibers.
Currently, it has an annual output of 8,000 tons of carbon fiber.
It has a wide range of downstream applications and stable customers.
It plans to form an annual production capacity of 12,000 tons of carbon fiber by the end of 2025.
, to meet the application needs of wind power, gas cylinder winding, vehicle lightweight, rail transit, marine equipment and other industrial fields

It is understood that carbon fiber is known as "black gold" and is a new type of fiber material with high strength and high modulus with a carbon content of more than 90%

Jilin City, where Jilin Chemical Fiber is located, is a national-level carbon fiber high-tech industrial base.
The base is located in the Jilin Economic and Technological Development Zone, where a large number of upstream and downstream enterprises of carbon fiber precursor, carbon fiber and carbon fiber products have gathered.
It is the main carbon fiber industry cluster in China

In this regard, Jilin Chemical Fiber said that the purchase of 31% of Jilin Baojing's equity is the company making good use of its own industrial advantages, and at the same time giving full play to the role of a platform for the integration of state-owned assets, and improving the efficiency of resource allocation and utilization, and firmly moving towards the carbon fiber industry.

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