TYGF: Wholly-owned subsidiary Unified Petrochemical plans to publicly list for capital increase and expansion, expected to constitute a major asset restructuring

36Kr learned that TYGF announced that its wholly-owned subsidiary, Unified Petrochemical, intends to solicit potential investors through public listing on the Beijing Property Exchange and implement capital increase and share expansion, aiming to raise a total of no less than 400 million yuan. The equity stake held by potential investors in Unified Petrochemical will not exceed 25%. The raised funds are intended for the research and development projects of new energy liquid cooling oil and special lubricants, as well as to supplement working capital. After the completion of this transaction, Unified Petrochemical will still be a controlling subsidiary within the company's consolidated financial statements. This transaction is expected to constitute a significant asset restructuring