Core Viewpoint - Tian De Chemical (00609) has announced the acquisition of a 49% equity stake in Weifang Zhongying Chemical Co., Ltd. for RMB 88 million, which will make the target company a wholly-owned subsidiary, enhancing the company's position in the fine chemicals industry [1] Group 1: Acquisition Details - The buyer, Weifang Binhai Petrochemical Co., Ltd., is an indirect wholly-owned subsidiary of Tian De Chemical [1] - The transaction is set to be completed by December 29, 2025 [1] - The target company primarily engages in the research, development, manufacturing, and sales of chemical products [1] Group 2: Strategic Rationale - The acquisition is part of the company's strategy to strengthen its position in the fine chemicals sector amid significant operational challenges in China's manufacturing industry [1] - The company aims to enhance operational efficiency and streamline decision-making processes through full ownership of the target company [1] - By integrating the target company, the group plans to leverage its strengths, competitive advantages, industry expertise, and existing customer relationships to pursue additional growth opportunities [1] Group 3: Commitment to Shareholders - The move supports the company's commitment to disciplined expansion and operational excellence, aiming to create sustainable value for shareholders [1]
天德化工(00609)拟8800万元收购非全资附属公司潍坊中赢化工49%股权