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Luxi Chemical is included under Sinochem

 Last Update: 2021-09-12
 Source: Internet
 Author: User

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Sinochem News.
com News on September 3, the State-owned Assets Supervision and Administration Commission of the State Council transferred all the equity of Sinochem Corporation (hereinafter referred to as Sinochem) and China National Chemical Corporation (hereinafter referred to as China National Chemical Corporation) to Sinochem Holdings Co.
, Ltd.
for free.
The liability company (Sinochem for short) led Sinochem to indirectly acquire 48.
93% of the shares of Luxi Chemical Group Co.
, Ltd.
held by Sinochem's subsidiary holding companies
.

Before this acquisition, Sinochem did not hold the company's shares; Sinochem Group held approximately 932 million shares of the company through its subsidiary holding companies Luxi Group Co.
, Ltd.
and Sinochem Investment, accounting for 48.
93% of the company's total share capital
.

The controlling shareholder of the company is Sinochem Investment, and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council

It is understood that on the evening of August 30, other related listed companies such as Sinochem International, Aeolus Co.
, Ltd.
, Adisseo, and Quanyin Hi-Tech have also issued announcements, announcing that they have received news about Sinochem’s initiation of joint and reorganization procedures, which marked The reorganization of the "Industrialization and Industrialization" is accelerating
.

　　But before the acquisition of Luxi Chemical Industry, there were talks
.

Luxi Chemical, as one of the leading comprehensive chemical companies in China, has gradually formed an industrial chain of fluorosilicone chemical, coal chemical, salt chemical, and new chemical materials

　　Regarding the acquisition of Luxi Chemical, Sinochem stated that Luxi Chemical's performance is good and will not adjust Luxi Chemical's main business at present
.

In addition, Sinochem, as the world's largest comprehensive chemical company with total assets of 1.

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