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    Home > Chemicals Industry > Rubber Plastic News > The tens of billions of mergers and acquisitions are here!

    The tens of billions of mergers and acquisitions are here!

    • Last Update: 2022-08-29
    • Source: Internet
    • Author: User
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    On the evening of July 9, Dongfang Shenghong released the "Report on Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Related Transactions".


    According to the data, Dongfang Shenghong landed on the A-share market in May 2000, focusing on the research and development, production and sales of civilian polyester filaments, supplemented by thermal power and other businesses


    The target company, Silbong, is a large-scale private enterprise specializing in the production of high value-added olefin derivatives.


    Selbon's worth increased by 3.


    Selbon's worth increased by 3.


    According to calculations, this time "passing on" Dongfang Shenghong, the value of Sierbang has risen by 3.


    In addition, it should be pointed out that this transaction constitutes a related party transaction


    In an interview with a reporter from Beijing Business Daily, independent economist Wang Chikun said that the sharp increase in the price of the target has also occurred before, but if the price has risen sharply in a short period of time, the rationality of this may need to be highlighted by the company


    According to the "Profit Forecast Compensation Agreement" and the supplementary agreement, the compensation obligors, Shenghong Petrochemical and Bohong Industrial, promise that the target company will deduct non-net profits of not less than 1.


    Photovoltaic EVA contributes to performance growth, and Sierbang PDH will be put into operation soon

    Photovoltaic EVA contributes to performance growth, and Sierbang PDH will be put into operation soon

    According to the company announcement, the current production capacity of Sierbang Petrochemical includes: 520,000 tons/year of acrylonitrile, 170,000 tons/year of MMA, 300,000 tons/year of EVA, and 420,000 tons of EO


    In 2019, 2020 and the first quarter of 2021, Sierbang Petrochemical achieved net profit attributable to the parent of 943 million yuan, 527 million yuan and 1.


    According to the prospectus of Lianhong Xinke, the only companies that can provide EVA for photovoltaics in China are Sierbang Petrochemical, Lianhong Xinke and Ningbo Formosa Plastics.


    According to the company's announcement, the apparent consumption of EVA in China has rapidly increased from about 1.


    On the whole, the sub-sectors in which Sierbon Petrochemical's existing products are located are still highly dependent on imports, with a good supply and demand pattern, and the stock production capacity still has strong profitability and certain technical barriers


    Dongfang Shenghong said that through this transaction, the listed company will invest in high-quality assets with strong profitability


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