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Zhenhai Refinery: Proposed to acquire 100% equity of Zhejiang Railway Dafeng and Jiangning Chemical Company

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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On August 20, 2021, Zhejiang Jiaotong Science and Technology Co.
, Ltd.
announced that in order to deepen the reform of state-owned enterprises and concentrate on refining, strengthening and expanding the main business, the company signed a contract with Sinopec Ningbo Zhenhai Refining and Chemical Co.
, Ltd.
(referred to as "Zhenhai Refining and Chemical").
The "Agreement of Intent on Equity Transfer of Ningbo Zhetie Jiangning Chemical Co.
, Ltd.
and Ningbo Zhetie Dafeng Chemical Co.
, Ltd.
" was signed

Zhenhai Refinery was established in June 2018 with a registered capital of 5.
4 billion yuan.
Its business scope includes crude oil processing and production and storage of petroleum products (excluding hazardous chemicals); production of other petroleum products and chemical products (excluding hazardous chemicals) , warehousing,

etc.

The target companies transferred in this agreement are all wholly-owned subsidiaries of listed companies

The main product of Ningbo Zhetie Dafeng Chemical Co.
, Ltd.
is polycarbonate (PC), with an annual output of 100,000 tons

Zhejiang Jiaoke said that due to the strong cyclicality of the chemical business, the performance fluctuates greatly, and the company's chemical business lacks industrial chain advantages

Before the signing of this agreement, the trademark rights and patent rights registered in the name of the target company, as well as the declared patents and formulas (including but not limited to PC modification technology and formula) owned by the target company continue to be owned by the target company

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