Liaoning Oxiranchem,Inc. signed the agreement to acquire 67% stake in Liaoning Oxiranphex Inc. from Oxiranchem Holding Group Co., Ltd. and Dalian Jixing Venture Capital Partnership Enterprise (Limited Partnership) for approximately CNY 170 million.
November 17, 2020
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Liaoning Oxiranchem,Inc. (SZSE:300082) signed the agreement to acquire 67% stake in Liaoning Oxiranphex Inc. from Oxiranchem Holding Group Co., Ltd. and Dalian Jixing Venture Capital Partnership Enterprise (Limited Partnership) for approximately CNY 170 million on November 17, 2020. Liaoning Oxiranchem,Inc. shall pay 51% of consideration within five working days after the approval from the shareholders and remaining 49% within 60 days from the completion. As of June 30, 2020, Liaoning Oxiranphex Inc. has reported total assets of CNY 206.55 million and net assets of CNY 108.22 million. The transaction is subject to approval from the shareholders of Liaoning Oxiranchem,Inc. while its Board of Directors has approved the transaction.
LIAONING OXIRANCHEM, INC is a China-based company principally engaged in the research, manufacture and distribution of ethylene oxide and derivative chemical meterials. The Company's main products include crystalline silicon cutting fluid; polyether monomers, which include polyethylene glycol monomethyl ether, polyoxyethylene alkenyl methyl and polyoxyethylene allyl ether; as well as polyethylene glycol, which are applied as organic composite agents, humectant, lubricant, soften agent, dispersant and others.
Liaoning Oxiranchem,Inc. signed the agreement to acquire 67% stake in Liaoning Oxiranphex Inc. from Oxiranchem Holding Group Co., Ltd. and Dalian Jixing Venture Capital Partnership Enterprise (Limited Partnership) for approximately CNY 170 million.
LIAONING OXIRANCHEM,INC. 
