Wanhua Chemical intends to sell 100% equity of Wanhua Keju
On September 28, Wanhua Chemical announced that the company intends to publicly transfer 100% of its wholly-owned subsidiary Shanghai Wanhua Keju. The value of the entire equity of Shanghai Wanhua Keju is estimated at 731 million yuan.
According to Wanhua Chemical, Shanghai Wanhua Keju is the main body of the implementation of the Shanghai Comprehensive Center. The functions of the Shanghai Comprehensive Center will be mainly undertaken by Yantai Global R&D Center and Ningbo High Performance Materials Research Institute.
Shanghai Wanhua Keju Chemical Technology Development Co., Ltd. was established on October 25, 2012. The company’s business scope includes: technology transfer, technology development and technical services in the chemical industry, chemical raw materials and products (except hazardous chemicals, monitoring chemical Products, civilian explosives, precursor chemicals), and engage in human resources services in the form of service outsourcing.
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