Acquisition closed! Sinochem Lantian officially became a wholly-owned subsidiary of Haohua Technology

On July 22, Haohua Technology announced that as of the date of announcement, all the 52.81% shares of Sinochem Lantian held by Sinochem Group and 47.19% shares of Sinochem Lantian held by Sinochem Assets have been registered under its name, the delivery and transfer procedures of the underlying assets involved in the transaction have been completed, and it has legally obtained the underlying assets. Sinochem Lantian became a wholly-owned subsidiary of Haohua Technology.

On July 18, 2024, the shareholders of Sinochem Lantian changed, the new shareholders Haohua Chemical, China Sinochem Group and Sinochem Asset withdrew from the shareholders.

In fact, the merger of the enterprise is already a "sibling", both sides belong to the trillion central enterprises Sinochem Holdings.

Sinochem Holdings was formed by the joint reorganization of ChemChina and Sinochem Group on May 6, 2021. The establishment of Sinochem Holdings is a milestone event in the history of the development of China's chemical industry, which means the establishment of a trillion-scale comprehensive chemical enterprise.

Sinochem Holdings' business scope covers eight major fields, including life science, material science, petrochemical, environmental science, rubber tire, machinery and equipment, urban operation, and industrial finance. It is a world-leading comprehensive chemical enterprise with 17 listed companies including Yangnong Chemical, Sinochem International, Luxi Chemical, Haohua Technology, etc. It has production bases and R&D facilities in more than 150 countries and regions around the world, as well as a complete marketing network system.

Sinochem Lantian is an innovative fluorine chemical company. According to its official website, its business covers fluorocarbon chemicals, fluorine-containing fine chemicals, fluoropolymers, lithium electric chemicals, inorganic fluorine, etc. Its products are used in more than 20 fields such as automobiles, home appliances, and new energy.

Therefore, Haohua Technology and Sinochem Lantian are both important subjects of the fluorine chemical business of Sinochem, and there is also overlap in product application fields. 

Under the background of the merger of Sinochem Group and ChemChina, through this reorganization, Haohua Technology and Sinochem Lantian will effectively optimize the structure and integrate resources of the fluorine chemical business, enhance complementary advantages, and give full play to synergies in procurement, production, research and development, sales and other aspects to achieve high-quality business development.