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Thorpe intends to purchase all shares of Dongpu New Materials

 Last Update: 2021-08-28
 Source: Internet
 Author: User

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Sinochem News.
com News on August 16, Jiangsu Thorpe announced that the company plans to acquire 100% equity of Dongpu New Materials for 362 million yuan to develop the downstream of the acetic acid industry chain and new material products
.

Jiangsu Thorpe stated that Dongpu New Materials is located in the Zhenjiang New District New Material Industrial Park.
After the completion of this transaction, Jiangsu Thorpe will be able to build new capacity projects in the Zhenjiang New District New Material Industrial Park
.

Dongpu New Materials' existing sulfuric acid, ion-exchange membrane alkali, p-dichlorobenzene and fatty alcohols are important raw materials for new material products

According to the announcement, Dongpu New Materials is mainly engaged in fine chemical products and basic chemical raw materials.
The main products are sulfuric acid, ion-exchange membrane alkali, p-dichlorobenzene and fatty alcohols
.

As of March 31, 2021, Dongpu New Materials has total assets of 920 million yuan and net assets of 191 million yuan; in the first quarter of this year, it achieved revenue of 231 million yuan and net profit of 13.

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