Xinri Hengli to sell metal product business at RMB1 billion
2017-06-27 18:03:40 [Print]
Xinri Hengli (the company) released announcement on June 23 that the company planned to sell related business of metal product to Zhongneng Hengli at RMB1,009,319,300 (USD1,481,439) and Zhongneng Hengli will make payment by cash.
After the completion of the deal, the company will be not engaged in related business of metal product. The company will continue to produce and sell activated carbon product and focus on production, storage and trade of stem cells . Some cash of the deal will be used to construct the dodecanedioic acid project with an annual capacity of 50,000t . The company will start to produce and sell dodecanedioic acid after the project come on stream.
After the completion of the deal, the company will be not engaged in related business of metal product. The company will continue to produce and sell activated carbon product and focus on production, storage and trade of stem cells . Some cash of the deal will be used to construct the dodecanedioic acid project with an annual capacity of 50,000t . The company will start to produce and sell dodecanedioic acid after the project come on stream.