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Haohua Technology plans to purchase 100% equity of Sinochem Blue Sky for 7.244 billion yuan

Source: Chemical New Materials Special Committee of Petrochemical Federation
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August 25, 2023, 11:13 AM
On the evening of August 14, Haohua Technology disclosed the company's report on issuing shares to purchase assets and raising matching funds and related party transactions (draft). The company plans to issue shares to Sinochem Group and Sinochem Assets to purchase their 52.81% equity interest and 47.19% equity interest in Sinochem Blue Sky respectively, at a transaction price of 7243.8634 million yuan; At the same time, the company plans to issue 195.410,396 shares in a non-public manner to no more than 35 qualified specific investors, including Foreign Trade Trust and Sinochem Capital Venture Capital, at an issue price of 37.07 yuan/share, and raise matching funds of no more than 7,243,863,400 yuan. Among them, the amount of matching funds to be raised by Foreign Trade Trust and Sinochem Capital is no more than 400 million yuan and no more than 100 million yuan respectively, and the lock-up period of the shares they subscribe for is 36 months.
After this transaction, the controlling shareholder of the company will still be China Haohua, and the actual controller will still be the State-owned Assets Supervision and Administration Commission of the State Council, which will not lead to changes in the controlling shareholder and actual controller of the listed company.
High-end fluorine materials are one of the company's core businesses and one of Sinochem Blue Sky's main business areas.
After the completion of this transaction, the company will place high-quality assets with strong profitability, which will help the company leverage industrial synergy, achieve complementary advantages, and enhance the company's profitability, sustainable development capabilities and overall strength. Source: Chemical New Materials Special Committee of Petrochemical Federation