HaiKe Chemical Group Ltd.



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-

For further information please contact:


HaiKe Chemical Group

George Zeng, Chief Financial Officer

+86 138 2520 2570

Westhouse Securities

Martin Davison

Richard Johnson

+44 (0) 20 7601 6100

Cardew Group

Shan Shan Willenbrock 

Tom Horsman

+44 (0) 20 7930 0777


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