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China Risun Group (01907-HK) announced that Risun Chemical, a wholly-owned subsidiary of the company, entered into a framework agreement with Cinda Asset Management, Cinda Capital Management and Wuhu Shunri, pursuant to which, 6 target companies were obtained from the Cinda side After the equity acquisition, Risun Chemical cooperated with Cinda and others on the bankruptcy and reorganization of the six target compani.
It is proposed to purchase no less than 999% equity of 6 target companies from Cinda; the price of acquiring the equity of the target company is not expected to exceed RMB 5 billi.
It is proposed to purchase no less than 999% equity of 6 target companies from Cinda; the price of acquiring the equity of the target company is not expected to exceed RMB 5 billi.
The six target companies involved include Shandong Fangming Chemical .
The six target companies involved include Shandong Fangming Chemical .
The main business of the Target Company is the production of petrochemical products, coke and coking chemicals and the supply of steam
It is reported that the annual production capacity of the main equipment of the target company includes 2 million tons of coke and coking products, 200,000 tons of caprolactam, 80,000 tons of nylon 6 chips, 230,000 tons of sulfuric acid, 260,000 tons of hydrogen peroxide and 150,000 tons of synthetic ammon.
The annual production capacity of the main units of the Target Company includes 2 million tons of coke and coking products, 200,000 tons of caprolactam, 80,000 tons of nylon 6 chips, 230,000 tons of sulfuric acid, 260,000 tons of hydrogen peroxide and 150,000 tons of synthetic ammon.
The target company is a large-scale enterprise with a complete industrial chain under the chemical sector of Hongye Group Corporati.
