The major asset restructuring work of China National Chemical Equipment Technology is advancing in an orderly manner.
On July 29, 2025, China National Chemical Equipment Technology Co., Ltd. disclosed a restructuring plan, proposing to issue shares to purchase 100% equity of Yiyang Rubber and Plastic Machinery Group Co., Ltd. and 100% equity of Lanxing Chemical Machinery Co., Ltd., and to raise supporting funds. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring, which will not result in a change in controlling rights. The company's stock was suspended in July 2025 and later resumed trading.
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