Liuzhou Chemical Industry Group Corp. cancelled the acquisition of 95.5% stake in Hunan Zhongcheng Chemicals Co.,Ltd. from Liuzhou Chemical Industry Co., Ltd..
August 13, 2019
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Liuzhou Chemical Industry Group Corp. won the bid to acquire 95.5% stake in Hunan Zhongcheng Chemicals Co.,Ltd. from Liuzhou Chemical Industry Co., Ltd. (SHSE:600423) for CNY 0.1 million on August 14, 2018. For the year ended December 31, 2017, Hunan Zhongcheng Chemicals Co.,Ltd. had revenue of CNY 35.2 million and net loss of CNY 231.3 million. As on December 31, 2017, Hunan Zhongcheng Chemicals Co.,Ltd. had total assets of CNY 414.9 million and net liabilities of CNY 156.2 million.
Liuzhou Chemical Industry Group Corp. cancelled the acquisition of 95.5% stake in Hunan Zhongcheng Chemicals Co.,Ltd. from Liuzhou Chemical Industry Co., Ltd. (SHSE:600423) on August 14, 2019.
Liuzhou Chemical Industry Co., LTD is a China-based company principally engaged in the manufacture and sales of chemical fertilizers and chemical products. The Company's main products include ammonium nitrate, urea, 50% hydrogen peroxide, liquid ammonia and others. The Company also provides packing materials. The Company's products are applied in industrial refrigeration, air conditioning, food refrigeration and other fields. The Company mainly conducts its businesses within domestic markets, within Guangxi province as its main market.
Liuzhou Chemical Industry Group Corp. cancelled the acquisition of 95.5% stake in Hunan Zhongcheng Chemicals Co.,Ltd. from Liuzhou Chemical Industry Co., Ltd..
LIUZHOU CHEMICAL INDUSTRY CO., LTD. 
