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Dec 31, 2021 05:40 PM (GMT+8) · EqualOcean
Financial Associated Press, Dec. 31, Hengli Petrochemical announced that Jiangsu Xuanda polymer materials Co., Ltd. ("Jiangsu Xuanda"), a subsidiary of the company, plans to purchase the housing buildings, projects under construction, engineering materials and three industrial land use rights owned by Nantong Guangzhen textile Intelligent Technology Co., Ltd. ("Guangzhen company") in WuJie Town, Tongzhou District, Nantong city. The appraisal value of the houses, buildings, projects under construction, engineering materials, land use rights and other assets in the transaction on the benchmark date is about RMB 2.184 billion. The acquisition aims to reduce the company's daily related party transactions and ensure the smooth progress of Jiangsu Xuanda's 1.5 million T / a green multifunctional textile new material project.

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