China Thai Chemical (002092.SZ) announced on November 29th that Tiantai Fiber is a participating company, and the company holds 35.07% of its equity. Based on the company's strategic development planning and operational needs, in order to optimize its asset structure and industrial layout, the company plans to transfer its 35.07% stake through public listing, which is based on the valuation of Tiantai Fiber's net assets on June 30th, 2021. The reserve price for listing on the property rights exchange is 305 million yuan, and the specific trading price will be determined according to the result of the public listing.
The transfer of 35.07% equity in Tiantai Fiber this time is in line with the company's strategic development and business needs, and is conducive to optimizing the company's asset structure and industrial layout. This transaction will not adversely affect the normal production and operation of the company. There is no harm to the interests of the company and all shareholders.
