Sinochem Group Plans Capital Increase in Salt Lake Industry by Transferring Shares to Sinochem Corporation, Valued at 4.49 Billion Yuan

Published: Jul 17, 2024 09:01

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Salt Lake Industry, Co., Ltd. announced that Sinochem Group plans to increase its capital by transferring 311,220,951 unrestricted tradable shares it held in the company to Sinochem Corporation, valued at 4.4917 billion yuan, accounting for 5.73% of the total equity of the company. This equity change does not involve tender offers and will not lead to changes in the controlling shareholder or actual controller of the company. It aims to optimize the internal resource allocation of Sinochem Group. The transaction needs to be confirmed by the Shenzhen Stock Exchange for compliance before it can be completed. (Salt Lake Industry, Co., Ltd.)

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