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Lianhong Xinke (003022.
SZ) announced that it will increase the capital of Jiangxi Academy of Sciences Biological New Materials Co.
, Ltd.
(referred to as the target company) by 150 million yuan for the first phase of the 30,000-ton/year PLA whole industry chain project.
42.
86% stake in the company
.
The target company is mainly engaged in the research and development, production and sales of PLA, a biodegradable material.
It is one of the domestic enterprises that successfully independently developed the whole industrial chain technology of "high-light-purity lactic acid-high-light-purity lactide-polylactic acid"
.
Lianhong Xinke continues to focus on the related industries of biodegradable materials.
Based on the company's development strategy, in order to lay out the field of biodegradable materials, the company cooperates with Lianhong Group Co.
, Ltd.
, Jiangxi Academy of Sciences Biotechnology Co.
, Ltd.
and Shanghai Wenqi Business Consulting Co.
, Ltd.
The company signed the "Agreement on the Capital Increase of Jiangxi Academy of Sciences Biological New Materials Co.
, Ltd.
" in Jiujiang City, Jiangxi Province on June 1, 2021
.
The company plans to increase the capital of the target company with a capital increase of RMB 150 million.
After the capital increase, it will hold 42.
86% of the equity of the target company
.
In view of the fact that Lianhong Group is the controlling shareholder of the company and holds 50.
85% equity of the target company before the capital increase, this transaction constitutes a connected transaction according to the relevant laws, regulations and regulatory rules
.
The purpose of the capital increase of Lianhong Xinke to the target company is to supplement the capital and working capital of the target company, for the reconstruction of the existing thousand-ton demonstration line and the construction of the first phase of 30,000 tons in the chemical fiber industrial base in Lianxi District, Jiujiang City, Jiangxi Province / Year PLA whole industry chain projects, including lactic acid fermentation and purification, lactide synthesis and purification, polylactic acid synthesis and polylactic acid depolymerization chemical cycle,
etc.
Biodegradable materials are the main way to solve the pollution of traditional plastics.
Polylactic acid (PLA) is an important variety of biodegradable materials and one of the biodegradable materials that have been industrialized at present.
The space is vast
.
Lianhong Xinke's capital increase in the target company will realize the company's strategic layout in the field of biodegradable materials
.
