Certain A Shares of Jiangsu Maysta Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-MAR-2020.
March 29, 2020
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Certain A Shares of Jiangsu Maysta Chemical Co., Ltd. are subject to a Lock-Up Agreement Ending on 30-MAR-2020. These A Shares will be under lockup for 1104 days starting from 22-MAR-2017 to 30-MAR-2020.
Details:
Company holding stockholder Foshan Shunde Demei Chemical Group Co., Ltd. committed not to transfer nor entrust to a third party the shares held directly or indirectly in the company, nor allow the company to repurchase the said shares within 36 months from the listing date of the company’s shares
Company actual controller Huang Guanxiong committed not to transfer nor entrust to a third party the shares directly or indirectly held in the company, nor allow the company to repurchase the said shares within 36 months from the listing date of the company’s shares
Company shareholders Nanjing Shichuang Chemical Co., Ltd., Sun Yu, Li Xiaoming, Zhang Wei, Chen Qing, Liu Xueping, Yin Yingyang, Xu Kaijin, Li Xiaoguang, Li Fengfu, Zhang Baohua, Yu Weimin, Zhou Zuoyan, Chen Huan, Wang Jing, Zheng Dawei, Wang Fan, Zhou Wengan, Guo Jin, Ye Xian and Huang Jianguo all committed not to transfer nor entrust to a third party the shares directly or indirectly held in the company, nor allow the company to repurchase the said shares within 12 months from the listing date of the company’s shares
JIANGSU MAYSTA CHEMICAL CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of polyurethane foam stabilizers. The Company operates through two main segments. The Main Business segment is mainly engaged in the production and sales of rigid foam stabilizers, flexible foam stabilizers and oil field chemicals. The Other Business segment is mainly engaged in the provision of customized technology support and services for clients.