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    Home > Coatings News > Resin News > Puyang Huicheng intends to acquire 100% equity of Shandong Qingyang New Materials for 70 million yuan

    Puyang Huicheng intends to acquire 100% equity of Shandong Qingyang New Materials for 70 million yuan

    • Last Update: 2021-03-30
    • Source: Internet
    • Author: User
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    544px; text-align: justify;'>On the evening of October 7, Puyang Huicheng announced that the company intends to purchase 100% of Shandong Qingyang New Materials Co.


    According to the announcement, on September 30, the company and Shi Tugen and Xu Wenwen (hereinafter collectively referred to as the "transferor") signed the "Puyang Huicheng Electronic Materials Co.


    Qingyang New Materials is located in East Taiwan Road (west of Runquan Chemical Industry), Heze Development Zone, with a registered capital of 3 million yuan.


    Puyang Huicheng Company is mainly engaged in the research and development and production of organic acid anhydrides, organic amines and esters.


    Puyang Huicheng stated that, based on the company's development strategy considerations, the company's acquisition of all the shares of Qingyang New Materials is conducive to the company's larger and stronger company's main business and is in the interest of the company and all shareholders.
    The "Acquisition Framework Agreement" is only the preliminary intention reached between the company and the transferor.
    There is still uncertainty about its success, and the impact on the company's operating performance for the year cannot be estimated for the time being.
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