Zhuhai Jieda Construction Engineering Co., Ltd. and Huiju Rongxin Industry Co., Ltd completed the acquisition of 10.98% stake in Shandong Yanggu Huatai Chemical Co., Ltd. from Wang Chuanhua.
January 03, 2019
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Zhuhai Jieda Construction Engineering Co., Ltd. and Huiju Rongxin (Shenzhen) Industry Co., Ltd signed the share transfer agreement to acquire 10.98% stake in Shandong Yanggu Huatai Chemical Co., Ltd. (SZSE:300121) from Wang Chuanhua for approximately CNY 360 million on December 4, 2018. Zhuhai Jieda Construction Engineering Co., Ltd. and Huiju Rongxin (Shenzhen) Industry Co., Ltd will acquire 20.6 million shares each of Shandong Yanggu Huatai Chemical at CNY 8.76 per share from Wang Chuanhua. Post completion, Zhuhai Jieda Construction Engineering Co., Ltd., Huiju Rongxin (Shenzhen) Industry Co., Ltd and Wang Chuanhua will hold 5.49%, 5.49% and 27.07% stake respectively in Shandong Yanggu Huatai Chemical Co., Ltd.
Zhuhai Jieda Construction Engineering Co., Ltd. and Huiju Rongxin (Shenzhen) Industry Co., Ltd completed the acquisition of 10.98% stake in Shandong Yanggu Huatai Chemical Co., Ltd. (SZSE:300121) from Wang Chuanhua on January 3, 2019. The securities transfer registration confirmation letter was issued by the China Securities Depository and Clearing Co., Ltd. Shenzhen branch. The transfer registration procedures for the share transfer got completed.
Shandong Yanggu Huatai Chemical Co., Ltd. is a China-based company which is principally engaged in the research, development, manufacture and distribution of rubber auxiliaries. The Company primarily provides processing agents, vulcanization agents, protective additives and plastic masterbatches, such as rubber scorching resistant agent N-(cyclohexylthio) phthalimide (CTP), which are applied in the prevention of rubber scorching in storage and processing; accelerating agent N-tert-Butyl-2-benzothiazolesulfenamide (NS), which are applied in the processing of rubber products and tires, as well as plasticizer A, which are applied in peptizing of natural rubbers and synthetic rubbers. The Company distributes its products in domestic and overseas markets.
Zhuhai Jieda Construction Engineering Co., Ltd. and Huiju Rongxin Industry Co., Ltd completed the acquisition of 10.98% stake in Shandong Yanggu Huatai Chemical Co., Ltd. from Wang Chuanhua.
SHANDONG YANGGU HUATAI CHEMICAL CO., LTD. 
