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14 Million Shares Of Jilin Controlling Shareholder Will Be Auctioned By Law, With A Starting Price Of 98 Million 840 Thousand Yuan.

2019/11/15 16:40:00 1

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In November 14th, the Limited by Share Ltd of Zhejiang Jihua Group announced that the 14 million shareholding stake of the controlling shareholder Xiao Long Industrial and trade holding company will be auctioned by law, and the starting price will be 98 million 840 thousand yuan. Before the auction, the shareholding of the controlling shareholder has been pledged and frozen.

The auction price is 98 million 840 thousand yuan, the auction time is from 10 o'clock in December 12, 2019 to 10 o'clock in December 13, 2019.

About Ji Hua:

Zhejiang Jihua Group Limited by Share Ltd (short for Securities: Kyrgyzstan group, securities code: 603980) the headquarters is located at the famous Qian Tang river bank, adjacent to Hangzhou Xiaoshan International Airport, near the Shanghai Hangzhou Ningbo and Hangzhou Jinqu highway. It has total assets of 5 billion yuan, more than 2000 employees, annual sales income of 4 billion yuan, and foreign exchange earning 250 million US dollars. Major industries: Dyes, dyestuff intermediates, polyurethane sponges, special coatings and other products, sulfuric acid, thermoelectric and other basic raw materials (industry), involving auxiliaries, pharmaceutical industry and financial industry. It is the vice president of China Dyestuff Industry Association. It is recognized as one of the world's three largest dye production bases. It has post doctoral research station and provincial enterprise technology center.

The Kyrgyzstan group has built production bases in the Hangzhou Jiangdong industrial agglomeration area, the Hangzhou Airport Economic Zone and the Jiangsu coastal economic and Technological Development Zone. Core enterprises: Hangzhou Chuang Li Polyurethane Co., Ltd., Hangzhou Jihua polymer material Limited by Share Ltd, Hangzhou Jihua Jiangdong Chemical Industry Co., Ltd., Jiangsu Jihua Chemical Co., Ltd., Hangzhou Jihua import and Export Co., Ltd. Main products: Dyestuffs (disperse, reactive, acid, direct, vulcanized, etc.), H2SO4, anthraquinone, industrial sulphuric acid and extension products, polyurethane sponges, special coatings and supporting facilities have built several "three wastes treatment centers".

Jiangsu Ji Hua, a subsidiary, has not yet been resumed.

In April 24, 2019, the Zhejiang Kyrgyzstan group announced that:

In response to the government's call for environmental protection and safety production, we will promote the green development and safety development of the company.
High quality development has been decided by the company. Jiangsu Jihua has temporarily suspended production since April 23, 2019. The shutdown time is not expected to exceed 2 months.
Kyrgyzstan announcement

Up to now, it has been more than 6 months ago. It is understood that Jiangsu Ji Hua has not yet resumed production.

The first three quarters of the year fell:

According to Ji Hua Group's three quarterly report, revenue in the first three quarters was 2 billion 56 million yuan, down 5.66% from the same period last year. Net profit attributable to 410 million yuan, down 25.38% from the same period last year.