Leiming Branch intends to acquire 41.93 million Qinwei Chemicals
Leiming Branch issued an announcement on the evening of June 8 that the company plans to purchase 100% equity of Shangluo Qinwei Chemical Co., Ltd. with a cash of RMB 41.9384 million. According to statistics, Qinwei Chemical, formerly the Shangluo Chemical Plant, was the main national explosive company in Shaanxi Province. In 1998, it was restructured into Shangluo Qinwei Chemical Co., Ltd. The company stated that the restructuring of Qinwei Chemicals is the first step for the company to move to the west, laying the foundation for the company's business development in the west. After the reorganization is completed, it will help the company further develop the markets outside the province.
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