Zhongtai Chemical: The stocks of the company planning to plan a major asset restructuring will be suspended from January 17 – yqqlm

　　Sino-Thai ChemicalPosted on the evening of January 16announcement, the company plans to issue shares and convertible corporate bonds to purchase Xinjiang Zhongtai (Group) Co., Ltd. (hereinafter referred to as “Zhongtai Group”), etc.shareholderSome or all of the shares held in Xinjiang Meike Chemical Co., Ltd. (hereinafter referred to as “Meike Chemical”), and will be transferred to qualified specialFixed voteInvestors issue shares to raise supporting funds. One of the counterparties in this transaction, Zhongtai Group, is the controlling shareholder of the company, so this transaction constitutes a connected transaction.

The company’s stock will open from January 17, 2022Suspension, the expected time is not more than 10 trading days.

According to the announcement, Markor Chemical was established in July 2002, mainly engaged in the research and development, production and sales of 1,4-butanediol, methanol, formaldehyde, tetrahydrofuran and n-butanol. The company is currently registered in Bazhou, Xinjiang.

The company said,Sino-Thai ChemicalIt has signed the “Share Purchase Agreement” with Markor Chemical, Zhongtai Group, Xinjiang Taihe Xinding Equity Investment Management Partnership (Limited Partnership), stipulating that the company will purchase Markor from the above-mentioned counterparty by issuing shares and convertible corporate bonds. The chemical industry is not less than 29.9% of the shares and the supporting funds are raised.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Zhongtai Chemical: The stock of the company that plans to plan a major asset restructuring will be suspended from January 17