Financials, Technology, Consumer Staples Aug 27, 2021 09:15 PM (GMT+8) · EqualOcean
Cailian, August 27 (Xinhua) Jilin chemical fiber announced that the company initially plans to purchase 31% equity of Jilin Baojing by paying cash. The transaction is still in the planning stage. According to preliminary research and calculation, it is not expected to constitute a major asset reorganization. Jilin Baojing is mainly engaged in the R & D, production and sales of 25K ~ 50K large tow and low-cost carbon fiber. At present, it has an annual output of 8000 tons of carbon fiber.