Apr 23, 2021 07:23 PM (GMT+8) · EqualOcean
Zhongtai chemical announced that the 60% equity transaction of Shanghai Zhongtai Duojing International Trade Co., Ltd., a wholly-owned subsidiary of the company, was purchased by Xinjiang Zhongtai group, the controlling shareholder of the company, with 360 million yuan. At present, the industrial and commercial change registration procedures have been completed, and the business license has been renewed by the relevant local administrative departments. After the completion of the transfer of the underlying assets, Zhongtai group holds 60% equity of Shanghai Duojing, and the company continues to hold 40% equity of Shanghai Duojing.