Junzheng chemical plans to sell 3.36% shares of Huatai Insurance for 1.62bn yuan

Inner Mongolia Junzheng Chemical Co., Ltd. (hereinafter referred to as "Junzheng chemical"), a wholly-owned subsidiary of the company, intends to sell 135 million shares of Huatai Insurance Group Co., Ltd. (accounting for 3.3568% of the total shares) held by the company through public bidding and public auction , the base price of the subject-matter equity for public sale is 1.62 billion yuan, 12 yuan per share; Junzheng chemical, a wholly-owned subsidiary of the company, will sell part of its shares in Huatai Insurance this time, which will optimize the company's asset structure, enrich the company's working capital, reduce financial expenses, and support the company's transformation and upgrading to Xinxing industry.