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On December 6, Yonghe issued an announcement that the company intends to acquire 100% of the equity of
Jiangxi Shilei Fluorine Chemical Co.
, Ltd.
(hereinafter referred to as Shilei Fluorine Chemical) held by Jiangxi Shilei Fluorine Materials Co.
, Ltd.
in cash.
The transaction price is 280 million yuan, and after the completion of the transaction, Shilei Fluorine Chemical will become a wholly-owned subsidiary
of Yonghe Co.
, Ltd.
Yonghe said that methane chloride, the main product of Shilei fluorine chemical, is an important raw material
for the production of HCFC-22, HFC-32 and other products of Yonghe Co.
, Ltd.
The acquisition of Shilei Fluorine Chemical can meet the security of raw material supply of Yonghe to a certain extent, which is conducive to building a more comprehensive and more competitive fluorine chemical industry chain
.
At the same time, the acquisition will help Yonghe reduce the scale of related party transactions and improve the standard operation level
.
It is reported that Yonghe Co.
, Ltd.
is one of the leading fluorine chemical enterprises integrating the research and development, production and sales of fluorite resources, hydrofluoric acid, elemental and mixed fluorocarbon chemicals and fluorine-containing polymer materials, and is one of
the most complete enterprises in China's fluorine chemical industry.
