Dongfang Shenghong: the subsidiary plans to acquire 13.286% equity of Shenghong refining and chemical with RMB 3.509 billion
Financial Associated Press, Dec. 27 - Dongfang Shenghong announced that Jiangsu Shenghong Petrochemical Industry Development Co., Ltd. ("petrochemical industry"), a wholly-owned subsidiary of the company, plans to acquire 13.2861% equity of Shenghong refining and chemical (Lianyungang) Co., Ltd. ("Shenghong refining and chemical") held by Jiangsu Fuquan Shenghong refining and chemical debt to equity investment fund (limited partnership) ("Fuquan fund") for a consideration of RMB 3.509 billion.
This text is a result of machine translation.
Related companies：
In-depth
Automotive
Automotive OTA Applications in the Chinese Market
This article introduces the market dynamics and trends of automotive OTA's applications in the Chinese market. Specifically, the article presents the driving forces, market restraints, new opportunities, multiple players in the competitive landscape and future trends. Also, it aims to bring you unique insights from executives and industry experts in industry-leading and fast-growing companies.
Dec 02, 2022 02:38 PM
Nov 10, 2022 02:39 PM
Nov 08, 2022 08:32 AM
Nov 05, 2022 03:50 PM
Research
AutomotiveFinancing and Investment Activities in China's Mobility Industry From 2012 to 2022
Oct 07, 2022 09:33 AM
Briefing Dec 31, 2021 09:48 AM
· Consumer Staples
Angel yeast: it is expected that the rise of community e-commerce will not have an adverse impact on the company's main business
Automotive
Battery Operation Solution Provider Chengmandian Nets CNY 100 Mn in Series A Funding
Recently, lithium battery overall operation service provider Chengmandian closed A round of financing worth CNY 100 million from the government fund. The money will be used for product R&D and market expansion.
Dec 02, 2022 05:08 PM
Consumer Staples
Huazhu Group Q3 2022 Earnings: Turnover up 24.4% YOY
Jin Hui, CEO of H World commented: “Although we have been seeing COVID prevention measures gradually easing across China since early November, we remain cautious on the business recovery path in the near-term as there are still some of newly confirmed recent cases in many cities and provinces in China. Therefore, our near-term focus will remain on cost control and prudent capex spending to ensure the Company’s operational and cash flow safety.”
Dec 01, 2022 09:12 PM
Briefing Dec 17, 2021 05:49 PM
· Consumer Staples
Where to go: December 31 or meet the small peak of travel, and travel on New Year's Day is mainly short-distance travel
Insight
Automotive
15 Chinese Companies to Watch in November 2022 - Mobility
We at EqualOcean tracked the major funding rounds or industry events that took place in China’s automotive market in November 2022. And the following is a list of deals that we have selected for you, based on a number of criteria, including the funding amount, the financial backers, and the segments in which the companies operate.
Dec 01, 2022 04:35 PM
Automotive
Hydrogen Fuel Cell Provider FTXT Nets CNY 500 Mn in Series B Financing
Recently, hydrogen fuel cell producer FTXT completed B round financing worth CNY 555 million, which will be used for product R&D, technology iteration, talent development, capacity building and market expansion.
Dec 01, 2022 04:31 PM
Briefing Nov 01, 2021 05:53 PM
· Technology
Zhengbang Technology: the controlling shareholder pledged 5.66 million shares
Briefing Oct 19, 2021 07:40 AM
· Consumer Staples
CSC: the benefits of condiment price increase will be more reflected in next year
See more
Read next
Insight
In-depth
Insight
In-depth
Insight
In-depth