Jiangsu Guotai to spin off Ruitai New Energy to GEM for listing
2020-05-13 17:49:09 [Print]
On the evening of April 28, Jiangsu Guotai announced that it planned to spin off its subsidiary Jiangsu Ruitai New Energy Materials Co., Ltd. to the GEM for listing.
Jiangsu Guotai said that after the completion of the spin off, Ruitai New Energy will become an independent listing platform for new chemical materials and new energy business of Jiangsu Guotai. Through listing on the gem, it will further enhance its capital strength and investment and financing capacity, substantially improve the industry competitiveness of the new energy business sector, and further promote the profitability and comprehensive competitiveness of Ruitai New Energy.
Jiangsu Guotai said that after the completion of the spin off, Ruitai New Energy will become an independent listing platform for new chemical materials and new energy business of Jiangsu Guotai. Through listing on the gem, it will further enhance its capital strength and investment and financing capacity, substantially improve the industry competitiveness of the new energy business sector, and further promote the profitability and comprehensive competitiveness of Ruitai New Energy.
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