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.
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