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Tangshan Sanyou Chemical Industries Co Ltd to Divest and Acquire Holdings

Friday, 7 Dec 2012 07:00pm EST 

Tangshan Sanyou Chemical Industries Co Ltd announced that it will have its wholly owned subsidiary, a Tangshan-based chemical fiber company, to transfer a 100% stake in a Tangshan-based pulp company to a Tangshan-based soda industry company (Company A) for RMB 148 million. The Company or its subsidiary will also acquire a 100% stake in a Tangshan-based mining company, which is engaged in the development and sale of set cement, building material stone, manufacturing and sale of parts, abrasives, castings, freight, wholesale and retail of hardware, chemical industrial products, construction materials, textile and engineering machinery fitting, from Company A for RMB 177,483,600 

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