Zhongyue Focus No. 11 Private Equity Securities Investment Fund, managed by Zhongyue Capital Management Co., Ltd., agreed to acquire 10.1159% stake in Jinneng Science&Techology Co.,Ltd from Qin Lu for approximately CNY 740 million.
January 11, 2023
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Zhongyue Focus No. 11 Private Equity Securities Investment Fund, managed by Zhongyue Capital Management Co., Ltd., agreed to acquire 10.1159% stake in Jinneng Science&Techology Co.,Ltd (SHSE:603113) from Qin Lu for approximately CNY 740 million on January 10, 2023.
Jinneng Science & Technology Co Ltd is a China-based company mainly engaged in the production and sales of chemical products. The Company's main businesses include fine chemicals, coal chemicals, and petrochemicals. The Company mainly integrates coking and chemical production, coal tar deep processing and carbon black production, p-cresol production, sour alkali and white carbon black production, sorbic acid and potassium sorbate production, methanol co-production of synthetic ammonia, gas turbine combined cycle thermal power co-production and other businesses are integrated. The Company's main products include coke, carbon black, white carbon black, sorbic acid and potassium sorbate, p-methyl phenol, methanol, pure benzene, etc., mainly used in steel, automobiles, plastics, chemical fiber, food, medicine and other industries. The Company distributes its products within the domestic market and to overseas market.
Zhongyue Focus No. 11 Private Equity Securities Investment Fund, managed by Zhongyue Capital Management Co., Ltd., agreed to acquire 10.1159% stake in Jinneng Science&Techology Co.,Ltd from Qin Lu for approximately CNY 740 million.
JINNENG SCIENCE&TECHNOLOGY CO.,LTD 
