Shandong Haihua plans to acquire a 29% stake in Zhongyan Alkali Industry for 2.32 billion yuan to participate in the development of natural soda resources
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SDHH plans to increase its capital by 2.32 billion yuan to acquire a 29% equity stake in Zhongyan Alkali Industry and participate in the development of natural soda resources. The company has signed a cooperation investment framework agreement with Zhongyan Alkali Industry and related parties. Zhongyan Alkali Industry has not yet commenced operations and is conducting a feasibility study for natural soda mining rights, with expectations to obtain mining rights by 2025. The total investment for the project is approximately 26.1 billion yuan, aiming to create new profit growth points to offset the decline in profitability of existing products
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