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    Home > Chemicals Industry > China Chemical > Luxi Chemical plans to absorb and merge Luxi Group

    Luxi Chemical plans to absorb and merge Luxi Group

    • Last Update: 2023-02-03
    • Source: Internet
    • Author: User
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    On December 26, Luxi Chemical issued an announcement that it intends to issue shares to absorb and merge Luxi Group Co.
    , Ltd.
    (hereinafter referred to as Luxi Group), and this transaction constitutes a related party transaction, but does not constitute a major asset restructuring and restructuring listing
    .

    Luxi Chemical said that China Sinochem Holdings Co.
    , Ltd.
    agreed to absorb and merge Luxi Group by issuing shares to all shareholders of Luxi Group, the largest shareholder, and Luxi Group is the absorbed and merged party, and all its assets, liabilities, personnel and all other rights and obligations will be inherited and undertaken by Luxi Chemical
    .

    It is reported that Luxi Chemical issued shares according to 14.
    76 yuan / share, and after Luxi Chemical completed the profit distribution in 2021, the issue price was adjusted to 12.
    76 yuan / share
    .

    In addition, the transaction price of 100% equity of Luxi Group is determined on the basis of the net asset appraisal value recorded by Sinochem Group, and the transaction price is adjusted
    accordingly after the dividend of Luxi Group.


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