Zhitong Financial APP News, Jingrui Electric Materials (300655.SZ) announced that the company intends to use its own funds or self-raised funds to buy its 55.90% stake in Qianjiang Yihe Chemical Co., Ltd. (hereinafter referred to as "Qianjiang Yihe") from Wuhan Haida Chemical Co., Ltd. (referred to as "Wuhan Haida"). The related party Hubei Yangtze River (Qianjiang) Industrial Investment Fund Partnership (Limited Partnership) ("Qianjiang Fund") buys its Qianjiang benefits and 20.08% equity shares from Wuhan Haida with its own funds or self-raised funds of 50 million yuan. At the same time, Qianjiang Fund uses its own funds or self-raised funds of 50 million yuan to increase capital to Qianjiang Yihe, subscribing for Qianjiang Yiyi and 8.0321 million yuan of new registered capital.
After the completion of the series of transactions, the company will hold 46.56% of Qianjiang Yihe and 33.44% of Qianjiang Fund. Qianjiang Yihe and the board of directors are composed of three directors, two of whom will be appointed by the company. Qianjiang Yihe will become a controlling subsidiary of the company and be included in the scope of the company's consolidated statements.
According to the announcement, Qianjiang Yihe is one of the earliest enterprises engaged in the research and development of hydrogen peroxide (hydrogen peroxide) in China. Its main product is industrial grade hydrogen peroxide with a production scale of more than 100000 tons per year. It is one of the core raw materials of the company's high-purity hydrogen peroxide. Through this transaction, the company has opened up the upstream and downstream industrial chains with Qianjiang Yihe, enriching the company's raw material supply channels for high-purity hydrogen peroxide, reducing the risk of raw material purchase price fluctuations, and helping to improve the company's profitability and competitiveness. Reduce business risks.