Shandong Haihua Co.,Ltd completed the acquisition of Shandong Haihua Chlor-Alkali Resin Co., Ltd from Shandong Haihua Group Co., Ltd.
June 23, 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 (SZSE:000822) completed the acquisition of Shandong Haihua Chlor-Alkali Resin Co., Ltd from Shandong Haihua Group Co., Ltd on June 24, 2022.
Shandong Haihua Co Ltd is a China-based company principally engaged in the production and sales of basic chemical products and chemical raw materials. The Company's main products include soda ash, caustic soda, bromine, calcium chloride, baking soda, crude salt, potassium sulfate, magnesium chloride and other chemical products applied to glass, inorganic salts, metallurgy, medicine, petroleum, leather, textile printing and dyeing, food, papermaking and other industries. The Company mainly conducts its business in the domestic market and overseas markets.