Hengli Petrochemical Co.Ltd(600346) (600346) announced on December 31 that the subsidiary Jiangsu Xuanda polymer materials Co., Ltd. plans to purchase the house buildings, projects under construction, engineering materials and three industrial land use rights owned by the related party Nantong Guangzhen textile Intelligent Technology Co., Ltd. in WuJie Town, Tongzhou District, Nantong City, at a transaction price of RMB 2.184 billion. The acquisition aims to reduce the company’s daily related party transactions and ensure the smooth progress of Jiangsu Xuanda’s 1.5 million T / a green multifunctional textile new material project.
(Securities Times)
