Guangxi Hechi SASAC Hechi chemical industry initiative broke 11 years ago when the main drawer agreement, with the central enterprises of China chemical industry group public interest dispute.
Yesterday, the Hechi chemical industry revealed a by the Hechi municipal SASAC issued the “on the disclosure of Hechi chemical industry dispute letter”, the disclosure of 2005 China chemical industry group (hereinafter referred to as “Chinese chemical”) through the free transfer of Hechi chemical industry holding gains when the two sides had agreed on the transfer of stock rights. In addition, according to the China chemical aspects of verbal notice in January 2017 will be held by the Hechi chemical matters on the transfer of 37 million 493 thousand and 589 shares, the Hechi SASAC has also raised objections.
| POLYVINYL ALCOHOL |
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According to the letter said, in May 25, 2005, the Hechi municipal government, Chinese common forensic chemical, Hechi SASAC and China Agricultural Chemical Industry Corporation (referred to as the “conversion”) signed the “Guangxi Hechi chemical industry group company asset reorganization agreement”, “Guangxi Hechi chemical industry group company asset restructuring supplementary agreement”. The agreement will be transferred to the whole river group in agriculture, at the same time agreed within four years after conversion in the restructuring of river group investment shall be not less than 550 million yuan. The river group property right after the transfer, the internal Chinese chemical and has undergone several transfer, in 2015 transferred Zhi Hao Hua chemical corporation.
According to the reporter’s inquiry, Hechi chemical industry in May 31, 2005 for the asset reorganization announcement. The disclosure of the equity change report shows that free equity transfer is completed, in Hechi chemical conversion holds 177 million 220 thousand and 890 shares of state-owned shares indirectly through the river group, accounting for 60.26% of total share capital. Notice that the transfer is to optimize the allocation of state-owned stock of resources, deepen the reform of state-owned assets management system, accelerate the pace of industrial restructuring, bigger and stronger China chemical, improve the operation of state owned assets to achieve win-win benefits, Hechi municipal government and the river group, China chemical.
| PVA |
However, China chemical at the helm of more than ten years later chose to sell the shell. In July 12, 2016, Haohua Chemical Corporation under the auspices of the river, Hechi chemical industry group will hold 87 million shares transfer agreement to Ningbo Silver billion Holdings at a price of 840 million yuan. After the completion of the transaction, Silver billion Holdings became the controlling shareholder with a 29.59% stake, the river group also holds 37 million 493 thousand and 589 shares of Hechi chemical industry.
| PVA FIBER |