July 29 -- Tangshan Sanyou Chemical Industries (600409) filed it will inject 75 million yuan into subsidiary Tangshan Sanyou Salt and Chemical in order to purchase its operating assets, reports yicai.com. The target assets are held by Sanyou Salt and Chemical shareholder Hebei Changlu Daqinghe Salt Chemistry Group and are valued at 76 million yuan.
The deal will leave Sanyou Chemical and Daqinghe Salt Chemistry with 95 percent and five percent stake in Sanyou Salt, respectively.
Sanyou Chemical was founded in 1999 and produces various types of soda ash, calcium chloride, and edible alkali.