Xuetian Salt Industry's acquisition of Xiangyu Salinization was approved

Sinochem News.
com News on November 24, Xuetian Salt Industry announced that the company issued shares to purchase 100% equity of Xiangyu Salt Chemical Co.
, Ltd.
and related transactions were conditionally approved by the Securities Regulatory Commission's listed company merger and reorganization review committee
.

According to industry insiders, the conditional approval of the matter means that Xuetian Salt's acquisition of Xiangyu Salt Chemical is expected to end before the end of the year
.
After the completion of the reorganization, Xuetian Salt will complete its market layout in the southwestern region of China and become one of the few national salt companies in China.

According to data, Xuetian Salt currently has four high-quality salt production bases in Hunan, Jiangxi, and Hebei.
Its business scope has basically covered all provinces and cities in China.
“Xuetian” salt is also exported to Southeast Asia, Africa, Japan and South Korea
.
Xiangyu Salinization is located in the southwest of China and adjacent to the Yangtze River.