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China Zenith Chemical's Substantial Shareholder Boosts Shareholding
C Zenith Chem (00362.HK) received a shareholding of 46.96 million shares from its major shareholder, CMOC.
On July 12th, Gelunhui announced that China Chemicals voluntarily announced an increase in its holdings in China Minmetals United Holdings Limited, the company's main shareholder, to provide information to the company's shareholders and potential investors. The board of directors was notified by China Minmetals United Holdings Limited that it has purchased a total of 46.96 million shares of the company's common stock in the open market, and as of the date of this announcement, China Minmetals United Holdings Limited now holds a total of 0.155 billion shares of the company's common stock.
Express News | China Zenith Chemical - Substantial Shareholder Acquired an Aggregate of 47 Mln Shares of Co in Open Market
China Zenith Chemical Group Expects to Gain 78 Million Yuan for Fiscal 2024 From Disposal of Land
C zenith chem (00362) has completed the sale of several land use rights in China.
According to the announcement by C Zenith Chem (00362) on the Zhitong Financial APP, on December 28, 2020, Heihe Longjiang Chemical (a company indirectly owned by 90% of the company) and an independent third party, Heihe Long Joint Investment Management Co., Ltd. (a state-owned wholly-owned enterprise), signed an agreement (sales agreement), and Heihe Longjiang Chemical has agreed to transfer the land use rights of several plots of land located in China (such plots) for a total consideration of RMB 0.156 billion yuan, including RMB 0.139 billion yuan and RMB 17 million yuan in land compensation for the vitamin C project (land sale matters). The seller has transferred a total area of approximately
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
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