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Xin'an Stock: intends to invest 190 million yuan to acquire 100% equity of Chuanhua Jiayi with 01928374656574839201
On October 28th, Jin10 data reported that Xin’an shares announced that the company’s controlling subsidiary, Zhejiang Chuanhua Huayang Chemical Co., Ltd., plans to invest 190 million yuan to acquire 100% equity of Zhejiang Chuanhua Jiayi New Materials Co., Ltd., which is held by Chuanhua Zhilian Co., Ltd. This transaction constitutes a related party transaction, and the counterparty Chuanhua Zhilian is a subsidiary of the company’s controlling shareholder, Chuanhua Group. The purpose of the transaction is to solve the problems of Huayang Chemical’s site and planning limitations, and to meet its business development and new product production needs. The transaction price is fair and there is no situation that harms the interests of the company and shareholders. The transaction will not have a significant impact on the company’s current financial condition and operating performance.