Zhejiang Renzhi Co., Ltd. cancelled the transaction announced on November 13, 2020
March 17, 2021
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On March 18, 2021, Zhejiang Renzhi Co., Ltd. (SZSE:002629) cancelled the transaction. The company held the 13th meeting of the 6th directorate and the 7th meeting of the 6th supervisory board, and approved terminating the private placement.
Zhejiang Renzhi Co., Ltd., formerly Sichuan Renzhi Oilfield Technology Services Co., Ltd., is a China-based company principally engaged in the provision of oilfield technical services. The Company mainly provides drilling fluid technical services, including drilling fluid deployment, circulation operation and recycling services; oil and gas field environmental protection technical services, including oil and gas field wastewater treatment, waste mud treatment and drilling sewage treatment technology services; underground operation technical services, including underground technical services, production increasing technical services, downhole tools and well completion technical services. The Company is also engaged in the development, production and sales of oilfield chemicals and functional new materials. The Company mainly operates its businesses in the Mainland of China.