Chemical listed companies rushed to change shares of oil and petrochemical listed companies

With the adoption of the equity division reform plan of Anhui Fengyuan Biochemical Co., Ltd. on October 26 at the relevant shareholders' on-site meeting, the split share structure reform of many chemical companies listed on the Shanghai and Shenzhen stock exchanges also entered a substantive stage. According to incomplete statistics by reporters, as of yesterday, a total of 20 chemical listed companies entered the legal process of the equity division reform.
Among the 20 chemical companies listed by the reporter, in addition to the Fengshen Tire, which was known as the "first-to-market liquidity of listed companies in the industry," the share reform program was passed by the general meeting of shareholders on August 8th and entered the implementation phase of the share reform. Sinochem International, Luxi Chemicals, Nanhua Chemicals, Liuhua Chemicals, Huaxing Chemicals, Fengyuan Biochemicals and other companies also initially completed relevant legal procedures and began to implement share reforms. The other 14 companies have also entered the online road show and program design stage, and are expected to complete all legal proceedings during the year. However, the reporter has not yet learned about oil and petrochemical listed companies carrying out share reforms. These two types of enterprises occupy a very important position in all listed petroleum and chemical companies, and most of the listed companies have a large share of state-owned non-tradable shares.
The reporter learned from the share reform plan announced by the chemical listed company that most of the company’s share reforms were in accordance with the relevant regulations of the state, and the non-tradable shareholder had to exchange shares for circulation of shares to shareholders. However, Chongqing Minfeng Agrochemical Co., Ltd. combines stock reform with major asset restructuring. According to the company's equity reform manual issued on October 8, the non-tradable shareholder of Jianfeng Plant proposed to use 51% of Jianfeng Chemical's equity assets and related assets and liabilities, and the company’s legally owned agrochemical assets ( With all assets and all liabilities replaced.
According to the reporter's understanding, the split share structure reform is a major measure for the reform of China's economic system, and its goal is to change the "different prices" of circulating social public shares, non-tradable state shares and legal person shares that are currently formed in A-share listed companies due to special historical reasons. The structure of "rights". In recent years, in order to resolve this contradiction in the system, there have been three basic formulations in the market, namely, the reduction of state-owned shares, the circulation of shares, and the allocation of shares. According to the relevant reform guidance issued by five commissions, including the China Securities Regulatory Commission and the State-owned Assets Supervision and Administration Commission, listed companies that have completed share-trading reforms can prioritize refinancing. This has also become one of the important reasons why listed companies have made share reforms.

Pasta Turnkey Production Line

Jump Machinery (Shanghai) Limited is a modern high-tech joint stock enterprise specialized in the turnkey production line of concentrated juice, jam, pulp, tropical fruits, herb and tea beverages, carbonated drinks, wine, beer, yogurt, cheese, milk, butter etc. At the same time, Jump is also committed to manufacturing various food machinery, such as Can Food Machinery , Fruits Juice Machinery, Tomato Sauce Machinery, Fruits Jam Machinery, Dairy Machinery etc.

Jump is able to supply service from A to Z about your project, not only machine manufacturing, installation commissioning, technical training, after-sales service, but also before-sales service, including factory building construction drawings, facilities layout, and water, electricity, boiler steam. Jump has a professional team to help clients to design the layout on worksite and draft the implementation plan, program schedule and expense estimation in each stage of the project until the production line starts the project.

As an industry leader, it has the best projects, professional engineers and technicians, strong R&D department with a number of masters and PhD of food engineering & packaging machinery, stable long-term development and highly rated customer experience in every province in China and also in Africa, the Middle East, Southeast Asia, Oceania, Europe and America.

Pasta Turnkey Production Line,Pasta Production Line,Spaghetti Production Line,Fresh Pasta Production Line

Jump Machinery (Shanghai) Limited , https://www.shanghaimachineries.com