GUOLIN TECHNOLOGY plans to acquire 91.07% of the shares of Kailianjie Petrochemical in cash, which is expected to constitute a major asset reorganization
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GUOLIN TECHNOLOGY plans to acquire 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. in cash, which is expected to constitute a significant asset restructuring. This transaction will be funded through self-owned funds and bank acquisition loans, and upon completion, it will gain control of Kailianjie. Kailianjie focuses on the production of maleic anhydride, which is the basis for various chemical raw materials. The transaction will help GUOLIN TECHNOLOGY and the target company form a synergistic upstream and downstream industrial chain and expand the market
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