Danyang Jinrui Hongji Enterprise Management Co., Ltd. completed the acquisition of 15% stake in Danhua Chemical Technology Co.,Ltd from Jiangsu Danhua Group Co.,Ltd.
March 28, 2024
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Danyang Jinrui Hongji Enterprise Management Co., Ltd. agreed to acquire 15.0021% stake in Danhua Chemical Technology Co.,Ltd (SHSE:600844) from Jiangsu Danhua Group Co.,Ltd. for CNY 490 million on November 22, 2023. The transaction has been approved by Jiangsu Provincial State-owned Assets Supervision and Administration Commission.
Danyang Jinrui Hongji Enterprise Management Co., Ltd. completed the acquisition of 15% stake in Danhua Chemical Technology Co.,Ltd (SHSE:600844) from Jiangsu Danhua Group Co.,Ltd. on March 29, 2024.
Danhua Chemical Technology Co Ltd is a China-based company principally engaged in the manufacture and distribution of chemical products. The Company's products portfolio consists of ethylene glycol, oxalic acid, as well as catalytic agents. The Company's products are mainly applied in the downstream fields such as polyester, pharmaceuticals and rare earths. In addition, the Company involves in the manufacture of copper palladium powder alloy, activated carbon and others. The Company distributes its products within domestic market and to overseas markets, with domestic market as its main market.
Danyang Jinrui Hongji Enterprise Management Co., Ltd. completed the acquisition of 15% stake in Danhua Chemical Technology Co.,Ltd from Jiangsu Danhua Group Co.,Ltd.