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Shenma shares to be listed and jointly transfer 33% equity of Fujian Shenma

 Last Update: 2022-08-28
 Source: Internet
 Author: User

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On the evening of May 27, Shenma Co.
, Ltd.
announced that the company intends to list and transfer the 29% stake in Fujian Shenma held by Henan Zhongyuan Property Rights Exchange Co.
,

Ltd.

The public listing transfer method is joint transfer, that is, the 29% equity of Fujian Shenma held by the company and the 4% equity of Fujian Shenma held by Henan Shenma Catalysis Technology Co.
, Ltd.
, a related party under the same control, totaling 33% of the equity as listed For the transfer of the subject matter, the intended transferee needs to accept the transfer as a whole, and the consideration for the subject matter shall be paid separately according to the proportion of equity held by the company and Catalytic Technology

Shenma Co.
, Ltd.
stated that this public listing and transfer is the company's need to strengthen foreign investment management, optimize investment structure, and avoid losses of state-owned assets.
It is to adjust the overall planning and layout of the nylon industry, recover funds to invest in the upstream and downstream of the nylon industry, and further cultivate and grow.
The overall needs of the nylon industry chain

nylon

According to the data, Fujian Shenma New Materials Co.
, Ltd.
(hereinafter referred to as "Shenma New Materials") was formally established in Lianjiang County, Fujian Province on February 13, 2018, with a registered capital of 352 million yuan.
It is located in a key provincial plan with convenient transportation and beautiful scenery.
Industrial zone - Kemen Industrial Park, Lianjiang County, adjacent to the natural deep-water port of 10 million tons - Lianjiang Kemen Port

Shenma New Materials has built a new cyclohexanone plant with an annual output of 200,000 tons, with a project investment of 1 billion yuan.
The first phase of the project was successfully put into operation on March 4, 2020, and the annual output value can reach 2 billion yuan after full-load operation

At present, the second phase of the project has started preparations and is expected to be put into production in 2021

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