Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. completed the acquisition of 15.8% stake in Shandong Polymer Biochemicals Co., Ltd. from Tibet Taiyifeng Information Technology Co., Ltd.
January 04, 2024
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Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. entered into equity transfer framework agreement to acquire 15.8% stake in Shandong Polymer Biochemicals Co., Ltd. (SZSE:002476) from Tibet Taiyifeng Information Technology Co., Ltd. for CNY 450 million on October 31, 2023. As per the transaction, Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. will acquire 96.7 million shares of Shandong Polymer Biochemicals Co., Ltd. As on December 20, 2023, a supplemental agreement for framework agreement was signed and the transaction is subject to approval by Shenzhen Stock Exchange.
Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. completed the acquisition of 15.8% stake in Shandong Polymer Biochemicals Co., Ltd. (SZSE:002476) from Tibet Taiyifeng Information Technology Co., Ltd. on January 5, 2024.
Shandong Polymer Bio-chemicals Co., Ltd. is a China-based company principally engaged in the businesses of energy and environmental protection. The Company operates through three main segments. The Chemical Products segment is mainly engaged in the production and sales of polyacrylamide and related chemicals for tertiary recovery and water treatment. The Oil and Gas Exploration and Development and Technical Services segment is mainly engaged in the exploration and development of oil and gas, as well as the provision of technical services, including comprehensive completed wells and oil and gas field production comprehensive management and others. The Environmental Water Treatment segment is mainly involved in the treatment of petroleum and petrochemical waste water, oil and sand, drilling fluid, fracturing fluid and others.
Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd. completed the acquisition of 15.8% stake in Shandong Polymer Biochemicals Co., Ltd. from Tibet Taiyifeng Information Technology Co., Ltd.
SHANDONG POLYMER BIOCHEMICALS CO., LTD. 
