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Fine Chemicals has an annual approval for processing 480,000 tons of carbon black oil. At present, the first phase of the project has been completed (120,000 tons of carbon black oil is processed per year). The current production of carbon black oil can meet Longxing Chemical's part of the carbon black blended oil. Demand.
The Fine Chemical Company was established by Lu Guowen with a capital of 10 million yuan in March 2009. It is a production company that performs deep processing of coal tar. It uses a continuous distillation method. Its main products are carbon black oil, industrial naphthalene, washing oil, and light oil. Detergent phenol oil, crude phenol and other six products. Except for carbon black oil, the market sales prices of other products are two to four times the coal tar purchase price. The book value of the total equity value of the shareholders of Fine Chemicals was RMB 1,000.21 million, and the assessed value was RMB 39.56 million. Lu Guowen is not associated with the top ten shareholders of Longxing Chemical.
Longxing Chemical acquires carbon black oil production company
On July 27, Longxing Chemical signed an “Equity Transfer Agreement†with Lu Guowen, and Longxing Chemical will acquire a 100% stake in Shahe Fine Chemical Co., Ltd. held by Lu Guowen with its own capital of RMB 39 million.