Tangshan Sanyou Chemical Industries Co LtdAcquisition to integrate bromine businesses, extend industrial chain, and reduce related-party transactions.

Sanyou Chemical announced that its controlling subsidiary, Tangshan Sanyou Salt Chemical Company Limited, plans to purchase a 31% equity stake in Tangshan Sanyou New Materials Company Limited for RMB 52.8281 million. After the transaction, Sanyou Salt Chemical's shareholding in Sanyou New Materials will increase from 20% to 51%, making Sanyou New Materials its controlling subsidiary. The counterparty, Hebei Changlu Daqinghe Salt Chemical Group Company Limited, is a wholly-owned subsidiary of Sanyou Chemical's controlling shareholder. The company stated that the acquisition aims to integrate bromine-related businesses, extend the industrial chain, and reduce related-party transactions.
Tangshan Sanyou Chemical Industries Co LtdAcquisition to integrate bromine businesses, extend industrial chain, and reduce related-party transactions.
Increases stake in Sanyou New Materials from 20% to 51%, gaining control.
Becomes controlling subsidiary of Sanyou Salt Chemical, likely to benefit from integration.
Counterparty is a wholly-owned subsidiary of Sanyou Chemical's controlling shareholder; transaction reduces related-party transactions.