Actual Control person changes China-Thailand chemical "return" to Xinjiang

Just one months after the thaw in the shareholding held by the controlling shareholder, the real control of the Chinese-Thai chemical will change: the Xinjiang Uygur Autonomous Region SASAC will replace China's chemical group as the company's actual controller.　　China-Thailand Chemical announced today, the company's controlling shareholder of China Chemical Rubber Corporation, the fourth largest shareholder of Xinjiang Chemical (Group) Limited liability company's controlling shareholder, Chinese Hao Hua Chemical (Group) corporation, respectively, and the Xinjiang Uygur Autonomous Region SASAC signed the "asset Transfer Agreement" on May 18, 2009.　　According to the agreement, through the transfer of state-owned shares, China Chemical Industry Corporation under the China Chemical Rubber Corporation held by the Sino-Thai chemical rights, and chemical group under the China Hao Hua Chemical (Group) Corporation Holdings of Xinjiang Chemical (Group) Limited liability company of the state-owned shares, will be transferred to the Xinjiang Uygur Autonomous Region Sasac. At present, China National Chemical Rubber Corporation and Xinjiang Chemical (Group) Co., Ltd. holds the Sino-Thai chemical 15.2% and 5.07% of the shares, China Chemical Corporation through the China Chemical Rubber Corporation and China Hao Hua Chemical (Group) corporation 100% control, thereby total holding listed companies 20.27%　　Shares, for the company actually controls the person. After the transfer, the 20.27% of the shares will be the Xinjiang Uygur Autonomous Region SASAC indirect control, and the Xinjiang Uygur Autonomous Region SASAC itself has been through a wholly-owned subsidiary of Xinjiang Investment Development (Group) Limited liability company to hold a 3.8% of the listed company's stake,　　Thus the autonomous Region SASAC in the equity transfer will be the total shareholding in the Thai chemical 24.07% of the equity, become the company's actual control. The equity transfer to China Chemical Rubber Corporation held by the Sino-Thai chemical stake was unfrozen only one months. April 17 This year, the listed companies received notices, as the Bank of China Guizhou Branch v. Guizhou Crystal Organic Chemical (Group) Co., Ltd., China Chemical Rubber Corporation loan contract dispute case has been closed, China Chemical Rubber Corporation holds 57.3483 million shares of chemical restricted circulation shares in Thailand on April 3 to thaw.　　The frozen stake accounted for 81.6 million shares of China Chemical Rubber Corporation holding listed companies as high as 70%. At present, the company's fourth largest shareholder Xinjiang Chemical (Group) Limited liability company held by the Chinese-Thai chemical all 27.2 million shares, because the loan guarantee contract dispute is also frozen, but this is the transfer of its controlling shareholder in China Hao Hua Chemical (Group) corporation held a stake in it, so this part of the freeze does not affect this part of the transfer.