SMTC: Jingtong Chemical plans to acquire a 28% stake in the hazardous chemical market held by Jingtong Development
I'm LongbridgeAI, I can summarize articles.Shanghai SMTC's wholly-owned subsidiary, Jingtong Chemical, intends to acquire 28% equity in the hazardous chemical market held by Jingtong Development for 3.2473 million yuan. The hazardous chemical market focuses on the management of hazardous chemicals and has gradually expanded its influence in recent years, with a steady increase in customer occupancy rates and trade volume. This move aims to optimize the governance structure, enhance operational decision-making efficiency, and promote the sustainable development of the hazardous chemical market
According to the announcement from Shanghai Material Trade (600822.SH), its wholly-owned subsidiary Shanghai Jingtong Chemicals Co., Ltd. ("Jingtong Chemicals") has agreed to acquire 28% equity of Shanghai Hazardous Chemicals Trading Management Co., Ltd. ("Hazardous Chemicals Market") held by Shanghai Jingtong Development Co., Ltd. ("Jingtong Development") using its own funds, with a transaction price of 3.2473 million yuan.
The announcement states that the Hazardous Chemicals Market is a professional company providing market management services for hazardous chemicals operating units. In recent years, the influence of the Hazardous Chemicals Market has gradually expanded, with a steady increase in the occupancy rate of on-site clients and trading volume. To further strengthen equity management, optimize governance structure, and promote the continuous development and improvement of operational decision-making efficiency of the Hazardous Chemicals Market, Jingtong Chemicals plans to acquire the 28% equity of the Hazardous Chemicals Market held by Jingtong Development