Shandong Haihua Co.,Ltd agreed to acquire Shandong Haihua Chlor-Alkali Resin Co., Ltd from Shandong Haihua Group Co., Ltd for CNY 660 million.
May 13, 2022
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Shandong Haihua Co.,Ltd (SZSE:000822) agreed to acquire Shandong Haihua Chlor-Alkali Resin Co., Ltd from Shandong Haihua Group Co., Ltd for CNY 660 million on May 13, 2022. Board of director of Shandong Haihua Co.,Ltd have approved the transaction. As of January to February 28, 2022, Shandong Haihua Chlor-Alkali Resin Co., Ltd reported revenue of CNY 160.4304 million, EBIT of CNY 27.5977 million and net income CNY 21.8972 million. The transaction is subject to shareholder approval of Shandong Haihua Co.,Ltd.
Shandong Haihua Co Ltd is a China-based company principally engaged in the production and sales of basic chemical products. The Company's main products include soda ash, bromine, raw salt, caustic soda, calcium chloride, baking soda, potassium sulfate, magnesium chloride and other chemical products. The company's main chemical brands include Yuandu brand soda ash and Goat brand bromine. The Company's products principally distributes its products within domestic markets and to overseas markets.
SHANDONG HAIHUA CO.,LTD 
