Zhongtai Chemical: Proposed to acquire 75.89% shares of Markor Chemical

Zhongtai Chemical announced on the evening of February 6 that the company plans to issue shares and convertible corporate bonds (if any) to Zhongtai Petrochemical, Yihe Yinfeng, Beijing Hongpin, Beijing Wangke.

Zhongtai Chemical said that the company's stock will resume trading on February 7 (Monday)

According to public information, the company is mainly engaged in the production and sales of polyvinyl chloride resin (PVC), ionic membrane caustic soda, viscose fiber, viscose yarn and other products.

Zhongtai Chemical stated that the reorganization will actively explore the effective synergy between the vertically integrated industrial chain and the horizontally compact diversified operation on the basis of consolidating the existing business

At the same time, Zhongtai Chemical will implement unified management and arrangements for the strategic planning, human resource allocation, financial system, and accounting system of Markor Chemical, and through the use of synergies in products, technology, and markets between the two parties, Further enhancing the company's profitability and development potential is conducive to the rapid implementation of the company's development strategy

The company pointed out that this transaction will not lead to changes in the company's controlling shareholder and actual controller