Luxi Chemical Group Co.Ltd(000830) ( Luxi Chemical Group Co.Ltd(000830) ) on the afternoon of April 17, it was announced that the company planned to absorb and merge Luxi group by issuing shares to all shareholders of Luxi group. The trading of the company’s shares has been suspended since the opening of the market on April 18. The company is expected to disclose the trading plan within no more than 10 trading days.
According to the announcement, Luxi Chemical Group Co.Ltd(000830) will absorb and merge Luxi group by issuing shares to all shareholders of Luxi group, and Luxi Chemical Group Co.Ltd(000830) will apply for listing and circulation of A-Shares to be issued in Shenzhen Stock Exchange.
Luxi Chemical Group Co.Ltd(000830) said that after the completion of the merger, Luxi group will cancel its legal person status, the shares of listed companies held by Luxi group will be cancelled, and SINOCHEM investment, Sinochem Liaocheng, Liaocheng financial information and polymerization investment will directly hold the newly issued shares of listed companies. The transaction price of Luxi group, Luxi Chemical Group Co.Ltd(000830) the price and quantity of new shares issued by Luxi Chemical Group Co.Ltd(000830) and other matters not covered shall be separately agreed in the formal agreement on absorption and merger of Luxi Group Co., Ltd. by issuing shares signed by all parties and its supplementary agreement.
Luxi group, once the controlling shareholder of Luxi Chemical Group Co.Ltd(000830) the merged group, is now withdrawing from the stage of history. According to the data, in October 2019, Liaocheng SASAC, the original actual controller of Luxi Chemical Group Co.Ltd(000830) signed the strategic cooperation agreement with Sinochem investment, carried out the strategic reorganization of Luxi group, and transferred part of the equity of Luxi group to Sinochem investment (Liaocheng) free of charge. In January 2021, after Liaocheng completed the acquisition of 9.99% equity of Luxi group held by Caixin investment, Sinochem investment directly held 39% equity of Luxi group and indirectly held 16% equity of Luxi group through Liaocheng, becoming the largest shareholder of Luxi group. Sinochem Group is the actual controller of Luxi group.
On January 21, 2021, Luxi Chemical Group Co.Ltd(000830) non-public offering of shares was listed. Sinochem investment, by fully subscribing 439 million shares, currently directly holds 23.08% of the equity of the listed company and indirectly holds 25.85% of the equity of the listed company through Luxi group. The total shareholding ratio increased to 48.93%. The controlling shareholder of the listed company was changed from Luxi group to Sinochem investment, and the actual controller was Sinochem Group.
