Yantai Wanhua control Shareholder Port electrification

Yantai Wanhua (600309) 30th announcement, the company decided to buy Ningbo East Haven Electrification Limited Liability company 15% shares, the acquisition price of 14,704.820,000 Yuan.　　After the completion of the acquisition, Yantai Wanhua and its wholly-owned subsidiary Wanhua International (Hong Kong) Co., Ltd. will be the total ownership of East Haven electricity 50.36%.　　Yantai Wanhua said that the acquisition will further strengthen the company's supply of raw materials control, improve the company's industrial chain to meet the company's strategic development needs. East Haven Electrification of the main business for the production and sales of caustic soda, liquid chlorine, hydrochloric acid and other chemical products.　　As of June 30, 2010, East Haven total assets of 65,540.820,000 yuan, total liability 30,286.700,000 yuan, net assets 35,254.120,000 Yuan. Yantai Wanhua said, East Haven Electro-chemical production of chlorine mainly for Yantai Wanhua subsidiary Ningbo Wanhua Polyurethane Co., Ltd. MDI device consumption, Ningbo Wanhua Polyurethane Co., Ltd. in addition to all the use of East Haven electrochemical production of chlorine, but also need to outsource a part of chlorine. After the completion of the equity acquisition, Yantai Wanhua further consolidated the supply of chlor-alkali raw materials, conducive to the company to improve the Ningbo Wanhua Industrial Park industrial chain, to create a core competitiveness of the integrated device.