Huayi Group Lists 25 Percent Stake in Edoco China for 320 Million Yuan Signals Major Asset Optimization Push

Shanghai Huayi Group has announced plans to publicly transfer its 25% stake in Edoco China Limited on the Shanghai United Assets and Equity Exchange, with a listing price of 320.13 million yuan. This move comes as the state-owned chemical giant sharpens its focus on core businesses and streamlines its asset portfolio for higher efficiency.

Huayi Group, a major player in energy chemicals, green tires, advanced materials, specialty chemicals, and chemical services, has built a dual-engine model combining manufacturing and services. The company is a national leader in clean coal utilization and supplies products for applications spanning pharmaceuticals, agriculture, construction, and new energy vehicles.

Edoco China, founded in 2008 and based in Hong Kong, operates across the automotive materials sector and controls subsidiaries in Changchun, Changshu, Foshan, and Shanghai. While automotive materials connect to Huayi’s specialty chemicals segment, the division is not seen as a primary growth driver for the group.

The stake sale is viewed as a strategic “subtraction,” allowing Huayi to unlock capital and channel resources into high-barrier, high-scale segments like energy chemicals and advanced materials. In May, Huayi spent 4.091 billion yuan to acquire a 60% stake in Shanghai Huayi Sanyefu New Materials, further strengthening its advanced materials and specialty chemicals portfolio.

The transaction process for the 25% stake in Edoco China is now underway, with buyer details and final terms yet to be disclosed. This asset reallocation underscores Huayi’s ambition to consolidate its integrated value chain and boost overall competitiveness.