Wanhua Chemical Group Battery Technology Co., Ltd. completed the acquisition of 5% stake in Anhui Liuguo Chemical Co., Ltd. from Tongling Chemical Industry Group Co.,Ltd.
April 23, 2024
Share
Wanhua Chemical Group Battery Technology Co., Ltd. entered into share transfer agreement to acquire 5% stake in Anhui Liuguo Chemical Co., Ltd. (SHSE:600470) from Tongling Chemical Industry Group Co.,Ltd. for CNY 120 million on February 26, 2024. After the transfer, Tongling Chemical will still hold 20.49% stake in Anhui Liuguo. The transaction needs approval from competent state-owned assets supervision and administration department. The Shanghai Stock Exchange must confirm compliance before the relevant share transfer procedures can be handled at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.
Wanhua Chemical Group Battery Technology Co., Ltd. completed the acquisition of 5% stake in Anhui Liuguo Chemical Co., Ltd. (SHSE:600470) from Tongling Chemical Industry Group Co.,Ltd. on April 23, 2024.
Anhui Liuguo Chemical Co., Ltd. is a China-based company principally engaged in the production, processing and sales of chemical fertilizers. The Company's primary products include compound fertilizers, diammonium phosphate, monoammonium phosphate, urea, liquid ammonia, carbon dioxide, phosphoric acid, among others. The Company's products are mainly used in the field of agricultural production. The Company mainly distributes its products in domestic markets and overseas markets.
Wanhua Chemical Group Battery Technology Co., Ltd. completed the acquisition of 5% stake in Anhui Liuguo Chemical Co., Ltd. from Tongling Chemical Industry Group Co.,Ltd.