Suspend purchase of Xinjiang Petrochemical Group assets

Source: Internet
Author: User
Keywords Xinjiang chemical Group China Oil international industrial
Tags asset company group natural natural person no longer
International industry (000159) announced that the company suspended the Xinjiang China Oil Chemical Group Co., Ltd. 's major asset purchases, and pledged to no longer plan major asset purchases within the next three months.  The company's shares will be licensed on June 22. March 6, 2009, by the International Industrial Board of Directors for approval, the company to Xinjiang Oil and Chemical Group Co., Ltd. to increase the capital of 100 million yuan, after the increase in capital, the company holds the Xinjiang Oil and chemical group of 50% Equity. In order to further clarify the rights and obligations of both parties, the company and the natural person shareholder Zhang signed "on the Xinjiang China Oil Chemical Group Co., Ltd. Replenishment Subscription Agreement," to obtain the Xinjiang China Oil Chemical Group Co., Ltd. control rights.  According to the relevant provisions of the management measures for major assets reorganization, international industry has been suspended from May 25, 2009. In the international industrial suspension, due to the transaction of the other party failed in the stipulated time to complete the early commitment to the dissolution of the oil and chemical group 167 million foreign security matters, in order to safeguard the interests of investors, the company decided to suspend the major asset purchases, Xinjiang Oil and Chemical Group Co.

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