China Salt Chemical(SH:600328) Shang Hai Zheng Quan Bao·2025-07-24 20:40Core Viewpoint - The company is undergoing a significant asset restructuring involving the establishment of a wholly-owned subsidiary, 中盐碱业, through a capital reduction agreement with 太湖投资, which will allow the company to fully control the mining rights for natural soda ash in Inner Mongolia [2][3][27]. Group 1: Restructuring Details - 中盐化工 and 太湖投资 will jointly establish 中盐碱业 with a registered capital of 40 million yuan, where 太湖投资 contributes 20.4 million yuan (51%) and 中盐化工 contributes 19.6 million yuan (49%) [2]. - 中盐碱业 successfully acquired the mining rights for natural soda ash in the Daqintala area of Inner Mongolia for 6.80866 billion yuan [2][89]. - Following the capital reduction, 中盐化工 will hold 100% of 中盐碱业, which will be included in the company's consolidated financial statements [2][3]. Group 2: Financial Assistance - 中盐化工 plans to provide financial assistance to 中盐碱业, with a total loan amount not exceeding 6.8 billion yuan, to ensure timely payment for the mining rights [88][90]. - The loan will be charged at an interest rate not lower than the bank's prevailing loan rate [88]. - This financial support is crucial for 中盐碱业 to fulfill its obligations related to the mining rights acquisition and aligns with 中盐化工's strategic goal of enhancing its competitiveness in the natural soda ash sector [90][92]. Group 3: Governance and Compliance - The restructuring and capital reduction have been approved by the board of directors and will be submitted for shareholder approval [3][27]. - The restructuring does not constitute a related party transaction, as 太湖投资 and 中盐化工 are not related parties under relevant regulations [27]. - The company has ensured compliance with all legal and regulatory requirements throughout the restructuring process [38][47].