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Shida Shinghwa Advanced Material Group (SHSE:603026) Is Carrying A Fair Bit Of Debt
Shenghua Chemical to Cancel Two Subsidiaries
Shidashenghua (603026.SH) plans to deregister part of its wholly owned subsidiaries.
On December 20, Gelonghui reported that Shida Shinhua (603026.SH) announced that the Board of Directors agreed to dissolve its wholly-owned subsidiaries, Qingdao Shinhua Supply Chain Co., Ltd. (referred to as "Qingdao Supply Chain") and Qingdao Shinhua Haichuang International Trade Co., Ltd. (referred to as "Qingdao Haichuang"), and authorized the company's management or its designated agents to handle the relevant matters of the dissolution of these wholly-owned subsidiaries, including but not limited to tax, business cancellation, and the cancellation of related licenses and permits, etc. Among them, Qingdao Supply Chain is to be merged by the company's wholly-owned subsidiary, Qingdao Shida Hairun Petrochemical Technology Co., Ltd., with all businesses, Assets, liabilities, and Other matters of Qingdao Supply Chain.
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