Hengyi Petrochemical (000703.SZ) plans to acquire a 25% stake in Hengyi Hanlin for 315 million yuan in cash.

Hengyi Petrochemical (000703.SZ) announced that the company plans to purchase 25% equity of Zhejiang Hengyi Hanlin Enterprise Management Co., Ltd. ("Hengyi Hanlin") held by Zhejiang Hengyi Group Co., Ltd. ("Hengyi Group") in cash, with the final actual transaction price for the 25% equity set at 315 million yuan. Hengyi Petrochemical will pay for the equity acquisition in cash. It is reported that the above-mentioned transaction is aimed at adapting to regulatory trends, achieving centralized resource management, promoting the construction of the company's headquarters innovation center, accelerating the professionalization, internationalization, and innovation talent introduction process of the company, and meeting the requirements of the company's future strategic development and overall industrial chain layout.