HaiKe Chemical Group Ltd
Completion of Restructuring
HaiKe Chemical Group Limited (the "Company" or the "Group"), the AIM quoted (AIM: HAIK) specialty chemicals business based in Shandong Province, China, is pleased to announce that further to shareholder approval at the General Meeting on 15 May 2014 and following the necessary consents required under PRC law, the Sale and Purchase Agreements have become unconditional and the restructuring is now completed. The Group's operating businesses now comprise Spring Chemical and HaiKe Trading.
Mr. Xiaohong Yang, Executive Chairman, said: "We look forward to focusing on the development of Spring Chemical and HaiKe Trading and continuing our stated strategy of focusing on our higher margin, profitable speciality chemicals business."
-ENDS-
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