YAXING CHEMICAL plans to introduce strategic investment of 220 million yuan for its subsidiary YAXING NEW MATERIALS
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YAXING CHEMICAL plans to introduce a strategic investment of 220 million yuan through its wholly-owned subsidiary, mainly for the main business expenses of YAXING New Materials. This financing is conducted at a pre-investment valuation of approximately 700 million yuan, with investors including Dongneng Jiayuan, Guoyun Comprehensive Reform, Guokong Capital, and Guotou Asset. After the financing, YAXING CHEMICAL's shareholding ratio in YAXING New Materials will be reduced to 76.08%, still making it a controlling subsidiary. This move will help optimize the company's industrial layout and capital structure, enhancing profitability
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