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On September 3, 2021, the State-owned Assets Supervision and Administration Commission of the State Council transferred all the shares of Sinochem Group Co.
, Ltd.
Sinochem Holding Co.
, Ltd.
(hereinafter referred to as "Sinochem"), resulting in Sinochem's indirect acquisition of 48.
93% of the shares of Luxi Chemical Group Co.
, Ltd.
held by the holding companies of Sinochem Group
.
Before this acquisition, Sinochem did not hold any shares in the company; Sinochem Group held a total of 931,706,697 shares (48.
93% of the company's total share capital) through its subsidiaries, Luxi Group Co.
, Ltd.
and Sinochem Investment
.
It is understood that on the evening of August 30, Sinochem International, Aeolus and other related listed companies also issued announcements, announcing that they had received the news that Sinochem China initiated the relevant procedures for joint reorganization, which indicates that the "two industrialization" reorganization is accelerating.
!
As for the acquisition of Luxi Chemical, there has been wind before
.
The 2021 semi-annual report shows that Luxi Chemical achieved operating income of 14.
471 billion yuan in the first half of the year, a year-on-year increase of 94.
73%; net profit attributable to the parent was 2.
632 billion yuan, a year-on-year increase of 1064.
17%; operating income in the second quarter was 8.
255 billion yuan, a month-on-month increase of 32.
8%; The parent's net profit was 1.
633 billion yuan, an increase of 63.
42% from the previous month
.
Regarding the changes in performance, Luxi Chemical said that since 2021, the prices of the company's main products such as butanol, polycarbonate, caprolactam, nylon 6, and DMC have risen to varying degrees
.
Regarding the acquisition of Luxi Chemical, Sinochem stated that Luxi Chemical's performance is improving and will not adjust the main business of Luxi Chemical at present
.
At present, Luxi Chemical has a 1 million-ton organic silicon project as a reserve project, and the construction time is still being determined according to the market and industry situation
.
