Paper Bowl,Paper Bowls With Lids,Ice Cream Bowls,Soup Paper Bowl Ningbo Senmiao Trading Co., Ltd. , https://www.senmiaowasher.com
On August 28, 2007, Tangshan Sanyou Group Co., Ltd., China Cinda Asset Management Corporation and other parties signed the Asset Restructuring Framework Agreement, the Equity Withdrawal Agreement and other related agreements.
Pursuant to the above contract and relevant agreements, Xinda Company holds 259,519,800 shares of Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. with a shareholding ratio of 39.87%, and has the right to opt out or continue to hold before the end of 2009. The company will withdraw before the end of 2009 and will transfer all the equity it held in Xingda Chemical Fiber to a qualified transferee designated by Sanyou Group or Sanyou Group at a price of RMB 306,611,100.
Xingda Chemical Fiber is one of the leading enterprises of viscose staple fiber in China, with a production capacity of 160,000 tons/year, ranking fourth in the country. For information on Xingda Chemical Fiber, see Tangshan Sanyou Chemical Co., Ltd.'s plan to issue shares to purchase assets and related transactions.
According to the announcement, Xingda Chemical Fiber's assets are of good quality and strong profitability. They can complement the company's existing soda ash, PVC, and caustic soda to enhance the company's earnings stability. The company’s independent directors agreed to the above acquisition. This motion still needs to be considered and approved at the shareholders meeting, and Sanyou Group will abstain from voting.
According to the company’s previous announcement, the company was informed by Tangshan Sanyou Group Co., Ltd., the actual controller of the company, on November 3, 2009 that Tangshan Sanyou Group Co., Ltd., as the actual controller of the company, is planning a major asset restructuring, which may involve My company, but there are major uncertainties in this matter. According to the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, in order to safeguard the interests of investors and avoid any significant impact on the company’s share price, the company’s shares have been suspended from the November 4th, 2009 application.
Sanyou Chemical Increased Chemical Fibre Company and chlor-alkali projects formed complementary advantages
On November 13, 2009, the eighth meeting of the Fourth Board of Directors of Tangshan Sanyou Chemical Co., Ltd. passed the "Proposal on the Acquisition of 39.87% of the Shares of Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. held by China Cinda Asset Management Corporation."